Market news
22.06.2020, 06:50

BOE Governor Andrew Bailey: Would shrink balance sheet before raising rates in future

  • Massive programme of asset purchases has been the right thing to do.

  • Central bank independence should not be called into question by COVID-19.

  • Financial system mustn’t become reliant on these extraordinary levels of central bank reserves.

  • Current scale of central bank reserves mustn’t become a permanent feature.

  • Elevated balance sheets could limit the room for manoeuvre in future emergencies.

  • As economies recover, it’s likely that some of the exceptional monetary stimulus will need to be withdrawn, including by reducing reserves.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location