Yield curve control

Type: Concept

As of November 2026, Yield curve control has been mentioned in one podcast episode on PBD Podcast (Feb 2026). Mentioned in discussions about monetary policy and economic strategies.

Yield curve control (YCC) is a monetary policy action whereby a central bank purchases variable amounts of government bonds or other financial assets in order to target yield curve or interest rates at a certain level. It generally means buying bonds at a slower rate than would occur under a quantitative easing policy. It affects long term interest rates, whereas QE is more impactful on shorter term interest rates. Where QE focuses on quantities of bonds, YCC is concerned with the price. It can