Treasury: Monetary Policy
Lords · Question HL6354 · Tabled 31 Mar 2025 · Treasury · Official record
Answered 9 Apr 2025
Question
Asked by Lord Kinnock
To ask His Majesty's Government how much quantitative tightening has cost the Treasury since it began in 2022; and what they estimate the cost will be by 2029.
Answer
Answered by Lord Livermore, 9 Apr 2025
The Bank of England has operational independence from the Government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including quantitative easing, is the responsibility of the independent Monetary...