Photo by George Rex
"If quantitative easing is to be utilized, it must be tailored to the specific shocks it aims to address," she stated. "We have now learned that it can be implemented in a more focused and brief manner."
The Bank of England purchased assets amounting to £895bn ($1.2 trillion) following the financial crisis and throughout the pandemic. Simultaneously, certain experts and politicians condemned it for causing an increase in inflation within the nation.
The regulator is currently lowering the value of assets on its balance sheet by £100bn annually. Greene suggests that the current market fluctuations should not disrupt this process.
Moreover, she believes that the U.S. foreign trade duties might not speed up inflation in the UK, but rather slow it down, owing to the appreciation of the pound sterling relative to the U.S. dollar.
source: ft.com
The Bank of England purchased assets amounting to £895bn ($1.2 trillion) following the financial crisis and throughout the pandemic. Simultaneously, certain experts and politicians condemned it for causing an increase in inflation within the nation.
The regulator is currently lowering the value of assets on its balance sheet by £100bn annually. Greene suggests that the current market fluctuations should not disrupt this process.
Moreover, she believes that the U.S. foreign trade duties might not speed up inflation in the UK, but rather slow it down, owing to the appreciation of the pound sterling relative to the U.S. dollar.
source: ft.com