No. Apparently the BoE is worried about other things right now, rather than inflation.
Which sounds pretty bad, because it seemed like inflation should be the #1 concern right now. But BoE has other economic data and are clearly worried about something else...
Can someone more financially literate than me explain how BoE buying government bonds is going to restore financial stability?
Nominally, you'd do this if you were worried about deflation. I don't know what kind of economic data suggests deflation right now though...
Which sounds pretty bad, because it seemed like inflation should be the #1 concern right now. But BoE has other economic data and are clearly worried about something else...
Like some clod announcing they're going to decimate revenue by cutting taxes for their rich mates and plug the hole by massively increasing borrowing?
Comments
No. Apparently the BoE is worried about other things right now, rather than inflation.
Which sounds pretty bad, because it seemed like inflation should be the #1 concern right now. But BoE has other economic data and are clearly worried about something else...
Nominally, you'd do this if you were worried about deflation. I don't know what kind of economic data suggests deflation right now though...
Like some clod announcing they're going to decimate revenue by cutting taxes for their rich mates and plug the hole by massively increasing borrowing?