Quantitative tightening: missed opportunities

bank of england - clock - Getty.jpg

This article was first drafted well before the dramatic crisis in the UK’s bond market forced the Bank of England into open-ended support of the bond market. Beyond the immediate specific UK context, there is one big lesson from this crisis: central banks and Treasuries share an urgent and joint responsibility for taking action when markets are calm to reduce the dependence of the government finances on monetary policies.

A decade of repeated doses of quantitative easing (QE), credit easing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.