Treasury Committee 'disappointed' BoE and government have not fully accepted its QT advice

Plans to launch new backstop policy

Eve Maddock-Jones
clock • 4 min read

The Treasury Committee said it was “disappointed” that none of its recommendations about how the Bank of England should embark on its quantitative tightening (QT) process have been unanimously accepted.

The committee undertook a far-reaching report around the central bank's QT plans after so many years of fiscal easing, which it published on 7 February. In it, the committee said it had "raised concerns" that the Bank may be unwinding its quantitative easing policy "without being able to fully consider the broader economic consequences". The committee, led by chair Harriet Baldwin, said it had "concerns that the Bank is taking a 'leap in the dark' by embarking upon a major monetary operation without specifically and separately tracking its effects". Bank of England commits to econo...

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