Bank of England is ‘monetising the deficit’ with QE – Monetary Policy Forum


At the Fathom Consulting Monetary Policy Forum on Tuesday morning, panellists agreed that quantitative easing (QE) in the UK could be a simple method of monetising the national deficit.

Sir John Gieve, former deputy governor of the Bank of England, explained that quantitative easing offers a crucial demonstration to the rest of the world. "We have our own currency, so we can monetise the debt," he said at the event in London. "That's detaching us from the European problem, and is a very

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