unconventional monetary policy

Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | Authors: Warren, J, Meaning, J | JEL classification: E520, E580, E630 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
Through its quantitative easing programme the Bank of England has looked to manage the supply of nominal UK government securities in order to lower interest rates. In doing so it has removed more than 25 per cent of the overall supply of those securities from the publicly accessible market. The...