Emergency Bank move will not solve the problem
This is a huge intervention that will buy the government time but not solve its problems. …
This explains why the Monetary Policy Committee, that normally authorises bond-buying, did not make this decision. Insiders are adamant that this decision does not signal anything about where interest rates might go, and is not a form of loosening monetary policy or “printing money”, creating it out of thin air to help a troubled government with its funding.
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