The Bank of England nearly financed the deficit. Does it matter? Federal Reserve Covid recovery plan
Friday 22 January 2021 – Vol.12 Ed.3.5
Commentary: The Bank of England nearly financed the deficit. Does it matter?
By Chris Papadopoullos in London
When the UK government announced a rise in the amount it could borrow from the Ways and Means facility, a slew of articles on monetary financing followed. The question over monetary financing is interesting but largely irrelevant. The real question is...