Monetary Policy: Wealth
(asked on 9th May 2023) - View Source
Question to the HM Treasury:
To ask His Majesty's Government what estimate they have made of the impact of quantitative easing since 2009 on the distribution of wealth by (1) age, and (2) region, across the UK.
This question was answered on 22nd May 2023
Monetary policy, including quantitative easing, is the responsibility of the independent Monetary Policy Committee at the Bank of England. The Government is working closely with the Bank to ensure that monetary and fiscal policy are well coordinated, and fully supports the Bank in their mission to drive down inflation. The Government does not comment on the conduct or effectiveness of monetary policy.