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
Government response
Third Special Report - Quantitative Tightening: Government, Bank of England and Debt Management Office Reponses to the Committee’s Fifth Report · published 18 Apr 2024
Read the government response ↗ Response on the tracker
Clear

Recommendations & Conclusions

1 results
18 Conclusion Not Addressed
Para 81
Committee does not support cutting remuneration of Bank reserves due to financial stability concerns
Conclusion
We have received proposals for interventions that would cut the remuneration of bank reserves and thereby reduce the ongoing losses arising from QE and QT. However, we have also received evidence that cutting remuneration now could be similar to a … Read more
Government Response Summary
The government discusses the cashflows between HM Treasury and the APF, highlighting the transparency of the Bank's reporting and the wider economic impacts of QE and QT. The response does not directly address the committee's conclusion that it does not support cutting the remuneration of Bank reserves.
HM Treasury
View Details