Queen Elizabeth 2

Queen Elizabeth 2, often referred to simply as QE2, is an ocean liner built for the Cunard Line which was operated by Cunard as both a transatlantic liner and a cruise ship from 1969 to 2008. She was designed for the transatlantic service from her home port of Southampton, UK, to New York, and was named after the earlier Cunard liner RMS Queen Elizabeth. She served as the flagship of the line from 1969 until succeeded by RMS Queen Mary 2 in 2004. Designed in Cunard's then headquarters and regional offices in Liverpool and Southampton respectively, and built in Clydebank, Scotland, she was considered the last of the great transatlantic ocean liners until the construction of the Queen Mary 2 was announced.

Before she was refitted with a diesel power plant in 1986/87, QE2 was also the last oil-fired passenger steamship to cross the Atlantic in scheduled liner service. During almost forty years of service, Queen Elizabeth 2 undertook regular world cruises and latterly operated predominantly as a cruise ship, sailing out of Southampton, England. QE2 had no running mate and never ran a year-round weekly transatlantic express service to New York. QE2 did, however, continue the Cunard tradition of regular scheduled transatlantic crossings every year of her service life. QE2 was never designated RMS, or Royal Mail Ship, instead carrying the SS and later MV or MS prefixes in official documents.

Quantitative easing

Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective. A central bank implements quantitative easing by buying financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply. This differs from the more usual policy of buying or selling short-term government bonds to keep interbank interest rates at a specified target value.

Expansionary monetary policy to stimulate the economy typically involves the central bank buying short-term government bonds to lower short-term market interest rates. However, when short-term interest rates reach or approach zero, this method can no longer work. In such circumstances monetary authorities may then use quantitative easing to further stimulate the economy by buying assets of longer maturity than short-term government bonds, thereby lowering longer-term interest rates further out on the yield curve.

QE2 (disambiguation)

QE2 usually refers to the ocean liner Queen Elizabeth 2. The term may also refer to:

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