Future balance sheet size hard to judge – BoE’s Ramsden
Reserves demand likely to become more important as QE winds down, deputy says
The factors determining the size of the Bank of England’s balance sheet are likely to change as quantitative easing is wound down, but how large the balance sheet will end up is hard to determine, said Dave Ramsden today (September 28).
The deputy governor, who oversees markets and banking, said demand for reserves would likely become more important than the quantity supplied, “as and when our balance sheet shrinks”. The BoE is “minded” to retain its floor system for setting rates, which would
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