TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

In response to the weak economic recovery and low and declining inflation, the European Central Bank(ECB) has introduced several monetary easing measures in recent months. In particular, the ECB expanded the asset purchase program it introduced last September to include sovereign, agency and European institution securities in an effort to reduce longer-term interest rates, increase business and consumer confidence, and in turn encourage greater lending and investment.  1, record 1, English, - monetary%20easing%20measure

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

En réponse à la faiblesse de la reprise économique et de l'inflation, en recul, la Banque centrale européenne (BCE) a pris plusieurs mesures d'assouplissement monétaire au cours des derniers mois. En particulier, elle a élargi son programme d'achat d'actifs mis en place en septembre 2014 afin d'inclure des titres d'États souverains, d'organismes publics et d'institutions européennes en vue de réduire les taux d'intérêt à plus long terme, de stimuler la confiance des entreprises et des consommateurs et, par ce fait, d'encourager une augmentation des prêts et des investissements.  1, record 1, French, - mesure%20d%27assouplissement%20mon%C3%A9taire

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

In light of more modest growth, Chinese policy-makers undertook a number of recent stimulus measures, including an easing of mortgage policies, a reduction in monetary policy rates in November 2014 and then again in March of this year, and an increase in budgeted government spending this year including an acceleration of already planned infrastructure projects.  1, record 2, English, - mortgage%20policy

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

À la lumière d'une croissance plus modeste, les décideurs chinois ont entrepris récemment diverses mesures de stimulation, y compris l'assouplissement de la politique hypothécaire, la réduction des taux d'intérêt directeurs en novembre 2014 puis en mars 2015, ainsi que l'augmentation des dépenses gouvernementales budgétées cette année, y compris l'accélération des projets d'infrastructure déjà prévus.  1, record 2, French, - politique%20hypoth%C3%A9caire

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

Overall, the IMF [International Monetary Fund] expects real GDP [gross domestic product] growth in the euro area to pick up to 1. 5 per cent in 2015 and 1. 6 per cent in 2016 as the impacts of recent monetary policy easing, lower oil prices and the recent depreciation of the euro feed through the economy.  1, record 3, English, - monetary%20policy%20easing

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 CONT

Dans l'ensemble, le FMI [Fonds monétaire international] s'attend à ce que la croissance du PIB [produit intérieur brut] réel de la zone euro remonte à 1,5 % en 2015 et à 1,6 % en 2016 alors que les effets de l'assouplissement récent de la politique monétaire, de la baisse des prix du pétrole et de la dépréciation récente de l'euro se répercuteront dans l'économie.  1, record 3, French, - assouplissement%20de%20la%20politique%20mon%C3%A9taire

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

In Germany... faster unit labour cost growth and increases in various administrative and indirect taxes are forecast to keep inflation high in the near term and thereby restrain the room for European monetary easing.  2, record 4, English, - monetary%20easing

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

1) Embark on a joint easing of monetary policy to facilitate economy recovery... 2) Initiate significant institutional reform.  2, record 5, English, - institutional%20reform

Record number: 5, Textual support number: 2 CONT

Using data and rigorous analysis to support countries’ institutional reforms to curb corruption and improve governance.  3, record 5, English, - institutional%20reform

Record number: 5, Textual support number: 1 PHR

To initiate, spur, support institutional reforms.  3, record 5, English, - institutional%20reform

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 CONT

1) Mettre au point une stratégie commune de détente monétaire pour stimuler la reprise économique [...] 2) Entamer un processus de refonte institutionnelle de vaste portée.  1, record 5, French, - refonte%20institutionnelle

Record number: 5, Textual support number: 2 CONT

[...] effectuer des analyses rigoureuses pour élaborer des réformes institutionnelles visant à combattre la corruption et à améliorer l'administration des affaires publiques.  3, record 5, French, - refonte%20institutionnelle

Record 5,  Textual support,  Spanish

Record number: 5, Textual support number: 1 CONT

Utilizar datos, y un análisis riguroso de los mismos, para respaldar reformas institucionales encaminadas a mejorar la gobernabilidad y reducir la corrupción.  1, record 5, Spanish, - reforma%20institucional

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 DEF

A weighted sum of the changes in the short-term interest rate (the 90-day commercial paper rate) and the exchange rate (as measured by the C-6 index) from a given base period.  2, record 6, English, - Monetary%20Conditions%20Index

Record number: 6, Textual support number: 1 OBS

The weight of the exchange rate is one-third that of the interest rate, a three per cent change in the exchange rate being roughly equivalent to a one percentage point change(100 basis points) in interest rates. A change in the MCI gives a measure of the degree of tightening or easing in monetary conditions.  2, record 6, English, - Monetary%20Conditions%20Index

Record number: 6, Textual support number: 2 OBS

See also <a href="http://www.bank-banque-canada.ca/english/backgrounders/bg-p3.htm" title="http://www.bank-banque-canada.ca/english/backgrounders/bg-p3.htm">http://www.bank-banque-canada.ca/english/backgrounders/bg-p3.htm</a>  2, record 6, English, - Monetary%20Conditions%20Index

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 DEF

Somme pondérée des variations qu'enregistrent le taux d'intérêt à court terme (à savoir le taux du papier commercial à 90 jours) et le taux de change (mesuré ici par l'indice C-6) par rapport à une période de base donnée.  2, record 6, French, - Indice%20des%20conditions%20mon%C3%A9taires

Record number: 6, Textual support number: 1 OBS

Le poids du taux de change est égal au tiers du poids attribué au taux d'intérêt, ce qui signifie qu'une variation de trois pour cent du taux de change équivaut en gros à une variation d'un point de pourcentage (100 points de base) du taux d'intérêt. Une variation de l'ICM indique le degré de resserrement ou d'assouplissement des conditions monétaires.  2, record 6, French, - Indice%20des%20conditions%20mon%C3%A9taires

Record number: 6, Textual support number: 2 OBS

Voir aussi <a href="http://www.bank-banque-canada.ca/french/documents/bg-p3-f.htm" title="http://www.bank-banque-canada.ca/french/documents/bg-p3-f.htm">http://www.bank-banque-canada.ca/french/documents/bg-p3-f.htm</a>  2, record 6, French, - Indice%20des%20conditions%20mon%C3%A9taires

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 CONT

Success in reducing inflation permitted a dramatic easing in monetary conditions.  1, record 7, English, - monetary%20conditions

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 CONT

Les progrès enregistrés dans la lutte contre l'inflation ont permis d'assouplir considérablement la conjoncture monétaire.  2, record 7, French, - situation%20mon%C3%A9taire

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Reducing domestic cost pressures was critical to allow a durable easing in monetary conditions and to achieve the rebuilding of profit margins necessary for a non-inflationary, and therefore sustainable, recovery.  1, record 8, English, - cost%20pressure

Record 8,  Textual support,  French

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

Canada's good inflation performance has allowed a major easing in monetary conditions since mid-1990.  2, record 9, English, - monetary%20conditions%20ease

Record 9,  Textual support,  French

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 CONT

Economic performance in both Japan and Europe is expected to improve in 1994 as a result of the fiscal stimulus package recently introduced in Japan, the expected easing in monetary conditions in Europe, and the strengthening U. S. economy.  1, record 10, English, - fiscal%20stimulus%20package

Record 10,  Textual support,  French

Record number: 10, Textual support number: 1 CONT

L'année 1994 devrait être marquée par un redressement économique tant au Japon qu'en Europe, grâce aux mesures de stimulation budgétaire prises récemment au Japon, à la détente prévue de la situation monétaire en Europe et au renforcement de l'économie américaine.  2, record 10, French, - mesures%20de%20relance%20budg%C3%A9taire

Record 10,  Textual support,  Spanish

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 CONT

Success in reducing inflation permitted a dramatic easing in monetary conditions.  1, record 11, English, - dramatic%20easing

Record 11,  Textual support,  French

Record number: 11, Textual support number: 1 CONT

Les progrès enregistrés dans la lutte contre l'inflation ont permis d'assouplir considérablement la conjoncture monétaire.  2, record 11, French, - assouplissement%20consid%C3%A9rable

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 CONT

Since monetary stimulus normally requires up to 18 months to achieve its fullest impact on economic activity, past easing will be a powerful cumulative stimulus to growth throughout 1992.  1, record 12, English, - monetary%20stimulus

Record 12,  Textual support,  French

Record 12,  Textual support,  Spanish