Asset purchases only in emergencies: Bank’s Bean
Charles Bean, the deputy governor for monetary policy at the Bank of England, on Friday said asset purchases should be part of the toolkit only during emergencies, while interest rates should remain the primary monetary policy tool.
At the US Monetary Policy Forum in New York, Bean said: "Central banks should continue to rely on a short-term interest rate as their main policy instrument once normality returns. Asset purchases aimed at flattening the yield curve are, in my view, best kept in a
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