Cunliffe: BOE needs to find a better way to provide liquidity than adding to balance sheet
That's an interesting question
Ultimately it's banks that need to lend. The money is out there but ultimately the incentive to lend is that you think you're going to make a positive return on the money. So you need growth or higher rates.
I don't think there has been enough talk about the 35-year downtrend in rates and all the structures that only work in a falling-rate, falling-inflation environment.