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MNI (London)
LONDON (MNI)

Bank of England Chief Economist Andy Haldane said at an Institute for Government event Wednesday that the central bank could tighten policy either by quantitative tightening (QT) or rate hikes and that he personally favoured balance sheet reduction. Haldane said that the question of QT or rate hikes was "a debate that the MPC (Monetary Policy Committee) is having almost as we speak."

The Bank is currently undertaking a review of tightening strategy and there is speculation that it could be ready for the August meeting. Haldane, who is at the end of his time on the MPC, said that the sheer size of the Bank balance sheet was a source of concern for him.

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
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MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
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