Fifth Report - Quantitative Tightening

Select Committee
Treasury Committee HC 219 7 February 2024
Report Status Government responded
Conclusions & Recommendations 22 items (10 recs)
Source View on Parliament website
Government Response (AI assessment · 22 of 22 classified)
Accepted 9
Acknowledged 6
Deferred 1
Not Addressed 1
Rejected 5
Clear

Recommendations

1 results
20 Deferred
Para 83
Clarify future arrangements for steady-state level of reserves on Bank’s balance sheet
Recommendation
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 Summary
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
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