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MNI BRIEF: BOE Ramsden: Could End GBP150bn QE Round Early

(MNI) London
(MNI) London

Bank of England Deputy Governor Dave Ramsden left the door open to ending the current GBP150 billion asset purchase programme early in comments Wednesday. The current round of bond buying is set to be completed by around the end of the year but Ramsden said that "it is conceivable we would not complete the current programme."

Only Chief Economist Andy Haldane, who has since stepped down from both the BOE and the Monetary Policy Committee, voted to end the programme early at the June meeting but Ramsden made clear that early termination is a live option. Asked about other tools for tightening policy Ramsden said the MPC could opt to stop, in part or full, the reinvestment of maturing gilts or could move to outright sales of the government bonds it holds. The MPC is currently in the midst of a review of tightening policy, with an initial report expected at some point in Q3.

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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