bank of england
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Finance & Banking
Interest on central bank reserves is neither a tax nor a market price
LONDON, October 28, 2026 — Policy-makers in London, Washington and Frankfurt will confront a question with large consequences for public finances: who should receive the income generated by central bank money? On…
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Opinions & Commentary
Central banks can fight inflation without massive handouts to banks
LONDON, September 6, 2023 – To fight inflation, central banks have to increase interest rates. Their operating procedure consists of raising the rate of remuneration on commercial banks’ reserves held at the central…
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