News - Economics / markets
Categories: Economics / Markets
The Treasury Committee has called for additional evidence to help its inquiry into quantitative easing as it widens the scope of its investigation.
Having called for written evidence in September into the impact of QE and its effect on the economy and individuals, the committee is now seeking to explore whether the Bank of England should go further in its monetary policy.
The committee said it will welcome further evidence on the effectiveness of current and future QE, whether other unconventional policy measures should be used from now on, and issues surrounding the eventual unwinding of QE.
"What role QE can play going forward, and how to handle its unwinding, are two important questions facing the Government and the Bank of England," said Treasury Select Committee chair Andrew Tyrie.
"The next governor of the Bank of England, Mark Carney, will have to give serious thought to them. We will want to question Dr Carney on this when he appears before the Treasury Committee on February 7."
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