BoE’s Pill: I wanted to keep QT at £100 billion in BoE vote last week

• The UK approach to QE is more transparent than elsewhere.
• QE has worked, consequences are challenging to manage.

As a reminder, the BoE slowed the pace of QT last week from £100 billion to £70 billion per year to curb rising bond yields. The two dissenters for were Mann and Pill. The former wanted to slow it to £62 billion, while the latter of course to keep it steady at £100 billion.

This article was written by Giuseppe Dellamotta at investinglive.com.