Central banks around the world made “serious errors” in their response to the Covid-19 crisis, which fuelled the current surge in inflation, former Bank of England governor Mervyn King said on May 17.
King criticised central banks that launched quantitative easing programmes at a time when many governments were also unveiling large stimulus packages to support the economy. “That was a mistake,” he said.
A second mistake was to believe inflation would eventually fall on its own, King said in an
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.