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Hauser Comments on QT

BOE

Q: Is there a case to reduce losses to taxpayers to shift sales to the longer end of the curve?

A: Very aware this is being actively debated in the market - noted in the Market Notice that will monitor this and Dave Ramsden made a speech. 3 goals of QT:

  • First is to deliver BOE's objectives which is solely focused on monetary policy.
  • Second is that it shouldn't worsen market functioning - evidence that it doesn't. Obviously a lot of challenges in markets.
  • Third: Should be gradual and predictable - this is code for boring.

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