Source · Select Committees · Treasury Committee
Recommendation 6
6
Paragraph: 38
Develop forecasting tools for QT impact and provide quarterly public updates to Parliament
Recommendation
The Bank should develop its forecasting and modelling tools for understanding the impact of QT and look to how these can be integrated into the forecasting and communication process. Given the uncertainty over its effects, the Bank should also Quantitative Tightening 35 update Parliament and the public on QT at each quarterly Monetary Policy Report, rather than at an annual review only. At these reviews, it could examine the impact of QT on the money supply and the consequences for growth and inflation.
Paragraph Reference:
38
Government Response
A response document is linked to this report, dated 18 April 2024. Response attribution to this conclusion has not been verified. Read the response document ↗