BOE May Sell Whole QE Portfolio in Policy Divergence From US Fed
- Deputy Governor Ramsden says other liquidity tools replace QE
- Ramsden reiterates concerns about inflation persistence
The Bank of England in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The Bank of England may sell all the UK government bonds bought under quantitative easing to better prepare for a future crisis, a move that would put it at odds with the US Federal Reserve.
BOE Deputy Governor Dave Ramsden, who oversees financial markets, said officials may continue running down the QE portfolio, which peaked at £895 billion, even after hitting the “preferred minimum range of reserves.”