That isn’t penalizing savers; that just isn’t actively subsidizing them (and by extension the rest of the investing world, since that would easily be the most a

That isn’t penalizing savers; that just isn’t actively subsidizing them (and by extension the rest of the investing world, since that would easily be the most attractive place to have your money in the world). Also, central banks have a mandate to be the lender of last resort. It’s one of their most fundamental duties and they’ve been doing it for as long as they’ve existed.