Building Optimism: One Prerequisite, Five Strategies  Synergizing to Build Optimism for Economic Recovery  PREREQUISITE CONDITIONS  MAINTAINED STABILITY  Vaccinations and Covid-19 Protocol Discipline  IMPROVING GROWTH  7.07  2.98  9.99 9.84  8.14  INFLATION  EC GR ON O  10.36  NFC EXTERNAL DEBT CONSTANT  1.44 2.19  9.24  RY ETA TY ON BILI M TA S  C MI O TH W  CREDIT INTEREST RATE  14.885  GOLD INFLATION  30.98  14.113  15.95  33.71  4.599  13.767  6.61 6.76  5.072 5.855  JCI  7.75  5 POLICY RESPONSE 1.
The underlying mechanism is, in fact, very simple and powerful: by purchasing government bonds in particular we compress the return that banks and other investors can expect from holding a riskless financial asset, thereby making it 2/5  BIS central bankers' speeches  more attractive for them to extend credit or provide capital to the real economy.