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MNI BRIEF: BOE Broadbent: Rising Debt Costs Won't Sway MPC

(MNI) LONDON
LONDON (MNI)

Bank of England Deputy Governor Ben Broadbent pushed back against the idea the Monetary Policy Committee would allow the potential rise in government debt interest costs to sway future policy, underlining comments from Governor Andrew Bailey.

He said that while quantitative easing, through reserve remuneration, speeds up the impact of a rise in Bank Rate "QE does not affect the impact of that increase in interest rates on the eventual debt-interest payments of the government. The fact is the MPC, this MPC, future MPCs I can guarantee will not be thinking about that one whit, they will be thinking about future inflation."

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
CEEMEABank Of England (BOE) Market NewsUKStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
CEEMEABank Of England (BOE) Market NewsUKStoryRegion
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