Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with the Governor of the Bank of England on quantitative easing.

Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and quantitative easing. The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.

The Chancellor and the Governor of the Bank of England meet regularly to discuss economic developments and the outlook for the economy. The Government continually monitors such developments to consider their impact on businesses and households.