- BoE’s Ramsden: QT has some effect on economy, but fairly small
Market news
18 May 2023
BoE’s Ramsden: QT has some effect on economy, but fairly small
Bank of England (BoE) Deputy Governor Dave Ramsden testifies before the UK parliament's Treasury Select Committee (TSC) about the central bank's sales of bonds bought under its quantitative easing programme.
Key quotes
QT has some effect on economy, but fairly small.
QT will be gradual and predictable; we are not flying blind.
We won't definitely go for 80 bln stg of QT for next year, as would mean slower active sales.
There's potential for us to go up in QT sales, don't see us going down.
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