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QE, QT and the control of central banks

Phil and Steve discuss the influence of QE and QT programs and how they work in tandem (or against) government fiscal policy.

During the pandemic central banks had no choice but to buy up government bonds. There were just so many of them being issued. That’s why the UK’s quantitative easing program totalled more than £900 billion during 2020-1. Recently, the bank – like other central banks the world over – are trying to unwind these huge additions to their balance sheet. Recen…

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