Oral evidence: Quantitative tightening, HC 1116
18 May 2023 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability
AB 18 May 2023 · Andrew Bailey Wiki · Bank of England Wiki Oral evidence: Quantitative tightening, HC 1116 Context Hearing of the Governor before the House of Commons Treasury Committee on quantitative tightening, the sale of bonds bought by the Bank of England.
Why it matters Bailey explains to MPs how bond sales by the Bank affect markets while inflation is near 10%.
Problems raised Quantitative tightening affects markets. Inflation is 10%. Monetary stability must be preserved. Solutions proposed Implement QT gradually. Focus on returning inflation to 2%. Explain QT to Parliament. Read full speech on committees.parliament.uk ↗ More from Andrew Bailey · Bank of England · all speeches
More speeches by Andrew Bailey Other leaders on monetary policy and interest rates
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