# taper

/ˈteɪpɝ/ (US) · /tˈeɪpɐ/ (UK) · CEFR C1 · Noun

Source: https://englishreference.com/word/taper
Updated: 2026-05-06

## Definition

a gradual decrease in something, especially when a government or bank starts to reduce financial support. It describes a slow narrowing or thinning of an amount over time.

For teachers: a gradual reduction in the amount or thickness of something; in financial contexts, specifically the systematic reduction of central bank asset purchases. Often used to describe the transition away from expansionary monetary policy.

## Examples

- The central bank announced a taper of its monthly bond purchases.
- Investors reacted nervously to the news of a taper, fearing that reduced liquidity would lead to higher interest rates.
- Economists debated whether a gradual taper would stabilize the currency or if a more aggressive reduction in stimulus was necessary to curb rising inflation.

## Usage notes

- Commonly used in the singular when referring to specific economic policy shifts.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.