Bank of England must put QE on pause tomorrow
As Covid pandemic wanes, Bank of England’s emergency policies should be paused. Money-tree policy has no clear end, but is inflating asset bubbles which may spill over into price inflation. Global central banks are not even clear that QE is needed as inflation is picking up. QE is still a monetary experiment: When central banks introduced the money-printing idea of ‘quantitative easing’, in the teeth of the financial crisis, the policy was designed to stave off a 1930s-style deflation and…