Quantitative tightening

Treasury Committee Closed Inquiry
Opened: 31 Jan 2023 Closed: 1 May 2024 Parliament page
This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate the role of quantitative easing and tightening in the current outbreak of double-digit inflation and in bringing inflation down. Read the call for evidence to find out more about the … Read more
10 Recommendations
12 Conclusions
1 Report
5 Letters
2 Events
Activity timeline 9 events
18 Apr
2024
Report published
7 Feb
2024
Report published
12 Jan
2024
Correspondence
12 Jan
2024
Correspondence
12 Jan
2024
Correspondence
12 Jan
2024
Correspondence
18 May
2023
Formal meeting (oral evidence session) · The Bank of England (Restricted in-person public access)
18 Apr
2023
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
21 Mar
2023
Correspondence
Title HC No. Published Items Response
Fifth Report - Quantitative Tightening HC 219 7 Feb 2024 22 Responded
Recommendations & Conclusions
1 result
Clear
20 Recommendation Deferred
Fifth Report - Quantitative Tighte…
Clarify future arrangements for steady-state level of reserves on Bank’s balance sheet
The Bank and Treasury should clarify the future arrangements for the steady-state level of reserves on the Bank’s balance sheet as soon as possible, including the future of QT at that point, the assets that will be used to back … Read more
Government Response
The Bank acknowledges the need to clarify future arrangements for the steady-state level of reserves and states it is 'continuing to analyse' the optimal level, with decisions to be made in close consultation with HM Treasury and communicated transparently.
HM Treasury
View details
Government Response AI assessment · 22 of 10 classified
Accepted 9
Acknowledged 6
Deferred 1
Not Addressed 1
Rejected 5
Total 10 recs + 12 conclusions
Correspondence 5 letters
12 Jan 2024 From committee Letter to Bank of England relating to Cashflows arising from quantitative easing and tightening, dated 4 December
Parliament page
12 Jan 2024 From committee Letter to HM Treasury, Permanent Secretary relating to Cashflows arising from quantitative easing and tightening, dated 4 December
Parliament page
12 Jan 2024 To committee Letter from Bank of England relating to Cashflows arising from quantitative easing and tightening, dated 18 December
Parliament page
12 Jan 2024 To committee Letter from HM Treasury, Permanent Secretary relating to Cashflows arising from quantitative easing and tightening, dated 15 December
Parliament page
21 Mar 2023 Correspondence from the Bank of England relating to the inquiry into Quantitative Tightening, dated 16 March
Parliament page