QE - Where did the BoE get the Money for its Program?
Published by Campbell M Gold in Political · Tuesday 30 Jul 2024
Tags: BoE, Bank, of, England, QE, program, quantitative, easing, central, bank, reserves, printing, money, Government, Bonds, Corporate, Bonds
Tags: BoE, Bank, of, England, QE, program, quantitative, easing, central, bank, reserves, printing, money, Government, Bonds, Corporate, Bonds
Where did the BoE get the Money for its QE Program?
Here is the Most Important Quantitative Easing (QE) Question to be Answered:
Where did the Bank of England (BoE) get the Money for its Quantitative Easing (QE) program?
The Bank of England (BoE) created the money for its quantitative easing (QE) programme by digitally creating central bank reserves. This process is often called “printing money,” although no physical money is actually printed.
Instead, the BoE Electronically Generates the Funds to purchase Government and Corporate Bonds.
This method allows the BoE to inject money directly into the economy, aiming to lower long-term interest rates and stimulate economic activity.
Source: From the Horse's Own Mouth - https://www.bankofengland.co.uk/monetary-policy/quantitative-easing
So, it is "Printing Money", after all the obfuscation and political smoke and mirrors!!!It all feels a bit of an anticlimax...
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