quantitativeeasing

في أوقات عدم اليقين الاقتصادي، غالبًا ما تلجأ البنوك المركزية إلى التيسير الكمي (QE) — حقن السيولة في النظام لاستقرار الأسواق وتحفيز النمو. لكن في عالم التشفير، لا تعني QE مجرد التعافي — بل يمكن أن تكون وقودًا للإقلاع.
دعونا نفكك ما تعنيه QE لـ ETH في الماضي، وما يمكن أن تعنيه في هذه الدورة إذا تكررت التاريخ.
💵 ما هو QE ولماذا هو مهم لـ ETH؟
QE هو عندما تشتري البنوك المركزية سندات حكومية وأصول أخرى، مما يدفع النقود إلى النظام المالي. هذا يزيد من السيولة، ويخفض أسعار الفائدة، وغالبًا ما يضعف العملات الورقية بمرور الوقت.

Quantitative Easing (QE) Explained 🏦
Quantitative Easing (QE) is an unconventional monetary policy used by a central bank (like the U.S. Federal Reserve or the Bank of England) to stimulate the economy, primarily when standard interest rate cuts are no longer effective. It is also known as Large-Scale Asset Purchases.
What It Is and How It Works
QE is essentially an electronic way for a central bank to increase the money supply and inject liquidity into the financial system.
Asset Purchases: The central bank buys large quantities of financial assets, most commonly long-term government bonds and, sometimes, other securities (like mortgage-backed securities), directly from commercial banks and other financial institutions.
Liquidity Injection: The central bank doesn't use existing money; it electronically creates new money to pay for these assets. This process pumps new cash reserves into the banks.
Lowering Rates: This increased demand for bonds drives up their price and, consequently, lowers their yield (interest rate). This, in turn, helps drive down long-term interest rates across the broader economy.
Why Central Banks Use QE
The primary goal of QE is to promote borrowing, lending, and spending when the economy is struggling with low growth and low inflation.
Stimulating Demand: Lowering long-term interest rates makes it cheaper for businesses and consumers to take out loans for investment (capital projects) and purchases (houses, cars).
Encouraging Lending: The extra cash reserves held by commercial banks are intended to encourage them to increase lending to the public.
Last Resort Tool: QE is typically reserved for extreme economic situations, such as a major financial crisis or a severe recession, when the central bank has already lowered its primary short-term interest rate to near zero (the "zero lower bound").
For example, the Bank of England has used QE to lower borrowing costs, support economic spending, and help meet its 2% inflation target.
#QuantitativeEasing #CentralBank #MonetaryPolicy #QE

On the 19th of September, the Bank of Japan (BOJ) announced that it is keeping the benchmark short-term interest rate at zero point five percent for the fifth consecutive meeting without a hike. This decision, expected by most analysts, shows how the central bank sidelined most global affairs as well as the challenges Japan is facing.
All of the members of the policy board of the BOJ who took part in the meeting voted for the decision, thus showing a wide consensus that the rate should be held as is. The decision still supports the waning economic recovery in Japan. This is all under the two percent target which theBOJ seems to be not too far from with core inflation that the Bank has just updated to 2.7 percent from the previous 2.2 percent for the year 2025 fiscal. The bank has said that it is meeting by meeting with a predetermined approach which is always based on the data in front of it.
Besides freezing interest rates, the BOJ expressed intentions to begin the gradual policy normalization process by selling exchange-traded funds (ETFs) and real estate investment trusts (REITs), with estimated values of approximately 330 billion yen and 5 billion yen, respectively. This was a salient move in the direction of the bank’s previously maintained quantitative easing policy, which is focused on the market’s liquidity. The BOJ aims to achieve sustainable growth in the economy, and the rest of the world, by minimizing disruption to the BOJ’s economic market.
Reactions to the market remained slight, though still outstanding. The Nikkei 225 index lost almost 1.05% following the statement. During the same window, the Japanese yen did not shift, with the USD/JPY exchange rate floating around 147.3. The return for Japan’s 2 year government bond reached 0.885%, which is the highest level since 2008, suggesting the formation of expectations toward gradual policy tightening, in the market, hold despite the rate remaining the same.
During a press conference, BOJ governor Kazuo Ueda spoke about the need to evaluate global trade uncertainties, the U.S. tariff situation specifically, in relation to Japan’s Japan’s export-reliant economy. He said the underlying trends of inflation, and Christmas shopping, though, would be factors to consider prior to implementing any changes in interest rates. Analysts believe the next increase in interest rates, more than what the BOJ already has, will be in January 2026, purely because of the BOJ’s PC.
Holding the interest rates to 0.5% confirms the BOJ’s dual intent of attempting to provide the economy stability while also controlling inflation. The gradual and concurrent asset sales approach while Japan is still in a fragile geo-political position still demonstrates a more aggressive policy which the central bank is taking. Be it the investors, or the market in general, all will be on the receiving end of the influence of these changes.

#BankOfJapan #interestrates #MonetaryPolicy #JapanEconomy #QuantitativeEasing