1. Data as at 6 March 2022. CPI: consumer price index. Inflation basket refers to a set of consumer products and services whose price is evaluated on a regular basis to track inflation. Source: Morgan Stanley
2. Quantitative easing is when central banks make large scale purchases of financial assets to increase money supply, which helps lower interest rates and therefore stimulate economic growth.
3. A real interest rate is adjusted to remove the effects of inflation and gives the real rate of a bond or loan. A nominal interest rate refers to the interest rate before taking inflation into account.