LONDON – The UK Debt Management Office (DMO) does talk to the
Bank of England about operational matters, but it is ultimately up to
the Monetary Policy Committee to decide when and how to reverse its
quantitative easing program, according to UK debt chief Robert Stheeman.
In comments at a Euromoney conference here, Stheeman said “We have
spoken to the Bank about operational matters in relation to QE and the
Bank has said that as well.”
“We talk about way in, way out in terms of the operational side,
but not the decision about what to do and whether to do it [QE], that’s
one alone for the MPC, but about the operational side, we do speak to
the Bank and they speak to us,” he added.
–London newsroom: 4420 7862 7492; email: wwilkes@marketnews.com,
nshamim@marketnews.com
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