Yes. There's a supply and demand issue with credit, too. If the demand for credit, which would include the government borrowing, exceeds the supply of cash, then interest rates rise on that cost. To keep credit markets stable, the central bank will inject liquidity into the market to suppress those rates from rising. The longer the government does this the longer and greater the distortions, and that becoming...in the market, where they're no longer looking at their initial mandate.
On March 24th, 2022. See this statement in context.