BoE's Bailey sees question about what to do with QE after crisis

Credit: REUTERS/POOL

Bank of England Governor Andrew Bailey said the BoE was right to ramp up its quantitative easing bond-buying at the onset of the coronavirus crisis and there was a "legitimate question" about what to do with the programme when things get back to normal.

LONDON, July 17 (Reuters) - Bank of England Governor Andrew Bailey said the BoE was right to ramp up its quantitative easing bond-buying at the onset of the coronavirus crisis and there was a "legitimate question" about what to do with the programme when things get back to normal.

Bailey, speaking on a webinar organised by the central bank, said the BoE's balance sheet was now equivalent to about 30% of British economic output, up about 10 percentage points since before the crisis.

(Writing by William Schomberg; editing by Jason Neely)

((william.schomberg@thomsonreuters.com; +44 207 542 7778; Reuters Messaging: william.schomberg.reuters.com@reuters.net))

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