Riksbank Says It’s Time To Prepare For Helicopter Money

from Zero Hedge

Riksbank Deputy Governor Cecilia Skingsley asked an interesting question: “If monetary policy seems to have lost its magic touch, what can central banks do?”

In a speech summarized on the Riksbank website, Skingsley had some interesting things to say about the efficacy of NIRP, central banks playing follow the leader, and the use of helicopter money as being a viable path forward for central banks.

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