Source · Select Committees · Treasury Committee

Fifth Report - Quantitative Tightening

Treasury Committee HC 219 Published 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 Index

Recommendations & Conclusions

1 item

20 Recommendation Deferred

Para 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 … Read more

Government Response Summary

The Bank acknowledges the need to clarify future arrangements for the steady-state level of reserves and states it is 'continuing to analyse' the optimal level, with decisions to be made in close consultation with HM Treasury and communicated transparently.

HM Treasury

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