Bank of England urged to slow or halt bond-selling to slash UK borrowing costs
Economists are urging the UK government to pressure the Bank of England to slow or halt its bond-selling program, known as quantitative tightening. Critics argue that the current policy is crystallizing losses for the exchequer and contributing to higher government borrowing costs.
Why it matters
The management of government debt and interest rates directly impacts national fiscal health and the cost of living for citizens.
The Bank of England’s monetary policy committee meets this week to decide on interest rates and the sale of government bonds. The Bank of England’s monetary policy committee meets this week to decide on interest rates and the sale of government bonds. Economics Bank of England urged to slow or halt bond-selling to slash UK borrowing costs Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds
Prefer the Guardian on Google Economists have urged the chancellor, John Healey, to press the Bank of England to slow down its bond-selling programme that has already cost the exchequer billions of pounds.
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