Central Banks
Bank of England Won’t Return Balance Sheet to Pre-Financial Crisis Levels, Bailey Warns
- Officials accused of missing inflation and widening inequality
- Bailey says balance sheet won’t return to pre-2008 levels
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The pace at which the Bank of England shrinks its balance sheet is likely to accelerate, according to one of its deputy governors.
The BOE is currently unwinding about £20 billion ($25 billion) of quantitative easing every three months, both as assets mature and as they are actively sold.