Bank of England likely to slow down QT, Investec economist says

Bank of England likely to slow down QT, Investec economist says

The Bank of England’s Monetary Policy Committee (MPC) is likely to slow down its quantitative tightening (QT) programme over the next year, an Investec economist has said, as Britain’s central bank looks to quell concerns over rising gilt yields. “We doubt that the MPC will maintain the same pace of balance sheet reduction next year as in the past year,” said Philip Shaw, the chief economist at Investec, adding that “the longer end of the gilt m…