Purchases of long-term securities can also contain an element of credit easing, if the securities being purchased carry credit risk. Credit easing At their most basic, credit easing measures might involve simply expanding the range of collateral that central banks will accept in their repo operations.
While adhering to fiscal deficit targets and debt to GDP ratios, it is equally important to undertake robust expenditure planning based on a ‘commonly agreed expenditure code’ to address the socio-economic challenges without diluting the goals of fiscal consolidation. 8. These are some thoughts which come to my mind while participating in this event today.