Quantitative Easing and Quantitative Tightening
The Bank of England first introduced quantitative easing (QE) in March 2009 in response to the Global Financial Crisis. Up to November 2020, the Bank had purchased £895 billion worth of bonds in total. In February 2022, they began reducing that stock of bonds, known as quantitative tightening (QT).
Publications
Written Submission on Quantitative Tightening
21 Mar 2023
Letters and Written Submissions
Quantitative Easing, Government Debt Management and Debt Interest
11 Nov 2022
UK Economic Outlook Box Analysis
Commentary: Quantitative Tightening: Protecting Monetary Policy from Fiscal Encroachment
31 Aug 2021
National Institute Economic Review
The long and uncertain road to exiting Quantitative Easing
30 Jul 2021
UK Economic Outlook Box Analysis
Quantitative Tightening: Protecting Monetary Policy from Fiscal Encroachment
28 Jul 2021
Policy Papers
Quantitative Easing and the Independence of the Bank of England
31 Jan 2017
Policy Papers
Quantity theory of money redux? Will inflation be the legacy of quantitative easing?
04 Nov 2015
National Institute Economic Review
The transmission of unconventional monetary policy in UK debt markets
04 Nov 2015
National Institute Economic Review
Blogs
News
Letter to the Financial Times: Is Perfidious Albion About to Make a Return?
14 Jun 2024
3 min read
Quantitative Tightening: Protecting Monetary Policy from Fiscal Encroachment – One Year On
10 Jun 2022
4 min read
Events
Quantitative Tightening and Reserves Workshop
Quantitative Easing & Quantitative Tightening
