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HOLY CRUD!! WE HAVE SOME INTELLIGENCE in the UK!!
BoE showing some !
Bailey, acknowledging that the world faced a “time of great uncertainty”, said he would oppose any calls for the BoE to print money simply to help the government.
“Using monetary financing would damage credibility on controlling inflation by eroding operational independence,” Bailey said in an opinion piece published by the Financial Times.
“It would also ultimately result in an unsustainable central bank balance sheet and is incompatible with the pursuit of an inflation target by an independent central bank.”
When the BoE announced the expansion of its bond purchase plan to 645 billion pounds on March 19 - most of it for government bonds - Bailey stressed he was not abandoning the long-standing concerns of central bankers about monetary financing “because history tells us where that leads”.
From here - - https://uk.reuters.com/article/uk-health-coronavirus-britain-boe/boe-wont-print-money-to-fund-uk-fight-against-coronavirus-bailey-idUKKBN21N0MY
Just spoke to "Gail" - she has just arrived home from night shift - 2 MORE died last night! 😌🙏 in this local !
many more "CRITICAL" 😲
They (the nurses and hospital staff ) have been warned a second wave may well be on the way - BECAUSE people were OUT and ABOUT - when they shouldn't have been!! 😡