BOE's Bailey: I do not envisage balance sheet returning to pre-financial crisis level

  • Remarks by BOE governor, Andrew Bailey
  • QT is not an active policy tightening instrument
  • QT has some effect on the economy, but fairly small (Ramsden)

They are speaking in the monetary policy hearings in parliament. I don't expect any major remarks as they have pretty much laid it all out for markets already after the decision last week.

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