Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the impact of (1) quantitative easing, and (2) monetary policy in general, on reaching their inflation target.

The Bank of England has statutory responsibilities for monetary policy, including quantitative easing, and financial stability, and operational independence from the Government to carry out those responsibilities.

The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.