Source · Select Committees · Treasury Committee
Fifth Report - Quantitative Tightening
Treasury Committee
HC 219
Published 7 February 2024
Recommendations
20
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 …
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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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