Ben Broadbent, Bank of England
The shock from Covid-19 had triggered aggressive monetary easing from central banks and huge spending by governments, but concerns over monetary financing were likely to be overblown, Ben Broadbent argued today (September 2).
The Bank of England deputy governor said that high government debt and monetary easing often went together because both moved with the economic cycle. “The coincidence and time of these things doesn’t really tell you anything about monetary finance,” he said.
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