Quantitative easing is a party with a nasty hangover. After the binge of creating money and buying debt, the received wisdom is that the Bank of England will sell the debt it has purchased back into the market. But this will be deflationary and raise interest rates. It is an unnecessary hangover.
定量寬松(QE)就像一場宴會，狂歡過后是令人難受的宿醉。人們普遍認為，在大舉印鈔和購買債務之后，英國央行(BoE)會把購得的債務重新賣回給市場。但這么做將造成通縮和利率升高。這是一種毫無必要的宿醉。
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