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No wonder it wants to start creating money, and fast".
The first bars the ECB from creating money to finance deficits.
It will mean substantial "quantitative easing"—creating money to buy assets.
Of course, creating money does pose other dangers, like an alarming jump in inflation.
If that's not creating money out of thin air, it's pretty close.
We've seen, over recent years, western countries creating money as a response to crisis.
Central banks are creating money left, right and centre in order to provide cash to banks.
It pays for them by creating money, which it deposits in the reserve accounts of banks at the Fed.
In effect, the bank has to commit itself to keep creating money until prices start to rise.
It could probably offer a great deal of additional support – through creating money – without immediately causing inflation.
These will involve lowering interest rates charged to the banks for loans, and creating money to improve liquidity.
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