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11/4/2021, 1:53 PM (Source: TeleTrader)
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BoE's Bailey: QE will be over next month

The Bank of England's quantitative easing policy will be "over next month," Governor Andrew Bailey stated on Thursday.

Although the United Kingdom central bankers don't "generally" use the word "tapering" to describe scaling back QE policies like their United States counterparts, it can be said that the BoE has been "tapering QE now for quite some while and then during the COVID period," according to Bailey.

Speaking about the differences between the two economies, he told reporters that the United Kingdom has a "more open" economy than the US and that the inflation rate in Britain has been "pretty near to target" over the past "10 years or so," while in the US, "that has not been the case."

Baha Breaking the News (BBN) / MS