NewsBite

Opinion

Stephen Grenville

How QE became an addiction we must learn to break

Central bankers must underline that printing money was an emergency fix, not a routine solution to economic problems.

Stephen GrenvilleFormer central banker
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Britain’s House of Lords has just published its evaluation of the Bank of England’s quantitative easing program. The title summarises their unflattering assessment: Quantitative Easing – a dangerous addiction?

This concern has special resonance as one author was Mervyn King who, as governor, initiated the Bank’s QE program in 2008.

Loading...
Stephen Grenville is a former deputy governor of the Reserve Bank of Australia and a non-resident fellow of the Lowy Institute.
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    The Australian Financial Review Magazine

    BOSS Financial Review

    Matt Comyn gets up at about 6am but doesn’t use an alarm clock.

    How Matt Comyn starts his day

    • Sally Patten and Lap Phan

    Life & Leisure

    Rich List

    Annie Cannon-Brookes is making a multimillion dollar investment to the Stephanie Alexander Kitchen Garden Foundation.

    Original URL: https://www.afr.com/policy/economy/how-qe-became-an-addiction-we-must-learn-to-break-20210824-p58ljh