Original article by Adam Creighton
The Australian – Page: 13 & 16 : 20-Apr-20
The Reserve Bank of Australia has been actively buying state and federal government bonds in response to the coronavirus crisis. Former Bank of England governor Mervin King contends that the risk of a sharp rise in inflation will remain low if central banks rather than governments continue to have responsibility for deciding how much money to print. King has also described modern monetary theory as "nonsense", while he has praised regulators in Australia, the UK and New Zealand for advising banks to delay their dividend payments.
RESERVE BANK OF AUSTRALIA, BANK OF ENGLAND