BoE's Fisher outlines likely QE exit route

Paul Fisher Bank of England

The Bank of England's executive director for markets and member of the monetary policy committee, today set out for a UK parliamentary committee the Bank of England's current plan for how to exit its programme of quantitative easing (QE). But he said that for now, discussions in the bank were centred on increasing, not stopping, monetary stimulus.

Paul Fisher told the House of Commons Treasury Committee, chaired by Andrew Tyrie MP, that under the current "presumptive plan", interest rates would

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