Monetary Policy
Lords · Question HL1167 · Tabled 22 Jun 2026 · Treasury · Official record
Answered 6 Jul 2026
Question
Asked by Lord Kinnock
To ask His Majesty's Government what assessment they have made of the approach to quantitative tightening undertaken by the European Central Bank and US Federal Reserve, which allow the relevant bonds to mature rather than engaging in the sale of such bon
Answer
Answered by Lord Livermore, 6 Jul 2026
The Bank of England has operational independence from the Government to carry out its statutory responsibilities for monetary policy, including quantitative easing and quantitative tightening. HM Treasury’s response to the Treasury Select Committee’s inqu...