BoE’s Hauser sheds light on ‘quantitative tightening’ in the UK
Central banks have a greater obligation to provide liquidity in good times and bad, official says
Bank of England executive director Andrew Hauser shed new light on the central bank’s plans for shrinking its balance sheet in remarks today (July 17).
Hauser noted that financial stability concerns demanded a much larger balance sheet than before the global crisis. “We have a bigger responsibility than we did to provide liquidity to the system, in good times and bad, and to a wider set of organisations,” he said.
The BoE had already outlined plans for how it would reduce the balance sheet in
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