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.
定量宽松(QE)就像一场宴会，狂欢过后是令人难受的宿醉。人们普遍认为，在大举印钞和购买债务之后，英国央行(BoE)会把购得的债务重新卖回给市场。但这么做将造成通缩和利率升高。这是一种毫无必要的宿醉。
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