EFTA Document EFTA01459559

CIO View Special it Quantitative easing tCEt is an unconventional monetary policy in which a central bank purchases securities in order to lower interest rates and increase the money supply to promote increased lending and liquidity. The recovery rate is the extent to which principal and accrued interest on a debt instrument can be recovered in default, expressed as a percentage of the instruments face value. The redemption is the return of an investor's principal in a fixed• income se