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End quantitative tightening now
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End quantitative tightening now
Ending active quantitative tightening is not monetary loosening. The Bank must stop adding avoidable pressure to the gilt market, writes Damian Pudner The Bank of England’s Monetary Policy Committee meets on 18 June. It should hold Bank Rate at 3.75 per cent. But it should also go further: it should announce the end of active quantitative tightening. It’s an easy case. The British economy is not overheating. It’s an economy running on fumes. Une…
·London, United Kingdom
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