Too embarrassed to ask: what is tapering?

Tapering is the reduction in quantitative easing provided by a central bank. But how does it work?

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The financial world has a habit of coining new definitions for old words, and then constantly referring to these new usages as if everyone should know what they mean.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.