Source · Select Committees · Treasury Committee
Recommendation 20
20
Paragraph: 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 reserves, the remuneration of those reserves, and the implications for the Bank’s profits and losses and the Treasury indemnity.
Paragraph Reference:
83
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 ↗