One memory of my final years at the Bank of England is that every two or three months we were commissioned new pieces of work on QE exit strategies, each time prompting ‘here we go again’ thoughts as the staff machine dutifully ground into action, only for events to overtake the writing, making exit an ever more distant event.
QE exit [here we go again]
One memory of my final years at the Bank of England is that every two or three months we were commissioned new pieces of work on QE exit strategies, each time prompting ‘here we go again’ thoughts as the staff machine dutifully ground into action, only for events to overtake the writing, making exit an ever more distant event.