BBCNEWS BBC News June 4, 2024 19:24:00
The european central bank are all facing now very high inflation rates close to 10%. our business correspondent marc ashdown has been following this. quantitative easing, or qe, it's one of those big, scary sort of confusing phrases, but it is actually quite simple. it's when central banks buy government bonds to stimulate their economies, but because the money doesn't really exist you can say they are printing money. now, it is happening all over the world, it has done since the financial crisis, but the problem, lord king says, happened during the covid lockdowns. money was already being pum...