BoE QE Purchase Target(M/M)

Actual
435B
Previous
435B
Forecast
435B

When conventional monetary policy becomes ineffective, central banks stimulate the national economy using Quantitative Easing ( unconventional monetary policy tool ). A central bank buys financial assets to inject a pre-determined quantity of money into the economy. In order to purchase gilts from private investors (pension funds and insurance companies) BoE electronically creates new money. It does not involve printing more banknotes.

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