“..Heresy is, unfortunately, becoming common in central banking.
The world’s most important central banks are printing money like there’s no tomorrow.
Interest rates have been near 0 per cent for almost four years – and look like staying that way for another four years.
Central bankers are thinking about how their policies are being offset – or are working with governments to fund their spending.
The days of central banks being able to run policy independently are ending..”
(cont..)
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