Bank of England Debate

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Department: HM Treasury

Bank of England

John Baron Excerpts
Monday 26th November 2012

(11 years, 11 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The short answer to that is no.

John Baron Portrait Mr John Baron (Basildon and Billericay) (Con)
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The risk with quantitative easing is higher inflation and a weaker currency. Will the Government use this appointment to re-examine whether QE actually encourages better or higher economic growth?

George Osborne Portrait Mr Osborne
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The Monetary Policy Committee has not requested additional headroom to conduct QE. As I have said, I think QE has been the right instrument to try to keep yields down and support demand, but any questions about Mr Carney’s view of QE in the British context will be ones that the Treasury Committee can direct at him.