Markets addicted to inflationary monetary policy have central banks over a barrel

Markets addicted to inflationary monetary policy have central banks over a barrel, says ADRIAN LOWERY: So savers face negative real interest rates for years to come By Adrian Lowery for Thisismoney.co.uk Published: 07:47 BST, 16 April 2021 | Updated: 07:47 BST, 16 April 2021 Global markets have got central banks over a barrel.  Both bond … Read more

What is Modern Monetary Theory: Do we need to worry about the deficit?

Printing presses: The UK controls its own money supply, as do the US and Japan  The Government has run up a huge bill to fight Covid-19, and borrowed heavily to cover it. Chancellor Rishi Sunak is already signalling that as soon as a recovery from the virus begins, he will be looking to raise cash … Read more

ALEX BRUMMER: The worst is not over for the monetary system

As the spread of Covid-19 ramped up in March, financial markets came close to their own lockdown.  It required large-scale interventions by central banks on both sides of the Atlantic to stop a credit crunch. The Bank of England slashed bank rate to 0.1 per cent, the Federal Reserve injected huge liquidity into the system, … Read more