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by dragontamer
1362 days ago
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> Will it reduce inflation? 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... |
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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?