Free Trial

Carry-Over May Put Fly Buyer


Variety Of Put Trades


Possible Release Of Runoff Plan Outline?

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (London)
(MNI) London

Bank of England Monetary Policy Committee member Jonathan Haskel made clear Monday that his opposition to tightening early extended to opposing early termination of the current GBP150 billion round of asset purchases and to stopping reinvestment of the maturing gilts held by the Bank.

Asked by Market News at a University of Liverpool event if he believed changes to quantitative easing, such as natural run-off of maturing gilts, amounted to tightening, Haskel said "Yes, I do. We are involved in completing our quantitative easing programme that we announced in the height of the pandemic last year. So were we to stop that, in my view, would be a tightening."

Haskel's colleague, Michael Saunders, has explicitly said that he is considering the case for ending the current round of QE early, but Haskel's opposition to tightening extends across the full range of policy tools.

MNI London Bureau | +44 203-586-2223 |
MNI London Bureau | +44 203-586-2223 |
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.