Daily Archives: January 15, 2012

Gavyn Davies logo for central bank liquidity seriesLast week, in the first of a series of blogs on the use of the central bank printing press, I argued that the deliberate decision to increase the monetary base several fold in the US, the eurozone and the UK is an almost unprecedented event in the history of economic policy. Only in Japan, in the early 2000s, has anything like this been seen before.

In this blog, the second in the series, I ask whether this remarkable injection in central bank liquidity is destined to result in rising global inflation in coming years. Read more