![](https://static.wixstatic.com/media/9230ce_713237b80ccc4c9f8c6820dfb240580e~mv2.png/v1/fill/w_980,h_980,al_c,q_90,usm_0.66_1.00_0.01,enc_auto/9230ce_713237b80ccc4c9f8c6820dfb240580e~mv2.png)
No. Tapering is the process of reducing the pace of quantitative easing (QE), but the balance sheet is still being expanded, though at a slower rate. Quantitative tightening (QT) reduces the balance sheet. Simply put, tapering occurs between QE and QT.
Comments