Fascinating, the games central bankers play. In Canada a couple years ago, the central bank did a sneaky and little known manuever.

Instead of printing more $$ and releasing it to banks, or selling bonds etc...

They introduced a NEW form of payment currency (IOU) that they would exclusively hold with banks to hold as a % of their reserves INSTEAD of holding 100% public currency.

The gaslit everyone by even declaring that it "wasn't money printing, it's a new remittance for banks."

Suddenly the banks had more available $$ to off load right before the interest rates climbed.