The relationship between creating money and inflation
I'm studying economics and wondered if you could help me understand if you have any data that shows a cause and effect relationship between the amount of money the Bank of England and private banks create and changes in the rate of inflation.
More specifically, can you share any data with me that answers these two questions:
Does the rate of inflation increase whenever the Bank of England or private banks creates banknotes, central bank reserves or electronic bank deposits for bank loans?
Does the rate of inflation decrease if the Bank of England withdraws banknotes or central bank reserves, or if private banks create and lend fewer electronic bank deposits?
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Our Reference: FOI-2023-1245
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