Quantitative Easing and the money supply process- will it lead to inflation this time round?

Central Banks around the world are launching a new phase of accelerated money creation now known as Quantitative Easing or QE.  They are doing so in response to the economic contraction caused by the Corona Virus and the lock downs of economic activity intended to limit the spread of the virus. The scale of this QE and its consequences for economic activity asset prices and inflation are still to be revealed.

 

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