The framing for decisions on quantitative tightening (QT) over the next year will be to “balance the reduced uncertainty from our experience to date” the deputy governor of the Bank of England has said.
Speaking at an event on Wednesday (19 July), hosted by the Macro Money and Finance Society, Dave Ramsden reflected on the Bank's QT journey since the Monetary Policy Committee (MPC) set out its strategies in its 2021 Monetary Policy Report. The MPC said it would use a mix of instruments to deliver tighter policy, including the key principles that would underpin its approach to QT. Those principles were put into practice in February 2022 initially through maturities and then augmented last autumn with a programme of gilt sales. Bank of England's Bailey: QT not to blame for bankin...
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