Britain’s quantitative tightening will hurt us for a long, long time

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Financial Times 19h ago

Britain’s quantitative tightening will hurt us for a long, long time - Financial Times

Quick Summary:

The precautionary principle means if there is a reasonable chance that QT is hurting the taxpayers anything like the £20bn estimate we’ve reached, why wait until the annual review in September?

The BoE is shrinking its balance sheet faster — actively selling huge volumes of gilts — in a manner unlike other central banks.

We pointed out that some questionable decisions continue — with the current process of quantitative tightening hurting the taxpayer further, by pushing up yield levels.