"The amount of money created in the economy ultimately depends on the monetary policy of the central bank. IN NORMAL TIMES, this is carried out by setting interest rates."Cop out . I'll translate . Setting interest rates didn't work so we used #QE
Improvement: banks CREATED money by lending but only increase the money supply when there is a net increase in lending. CBs can manage this, albeit badly, which is why they accept the responsibility to achieve an inflation target.