Bailey: Quantitative Easing Saved UK £125B
Update: 2025-11-11
Description
Andrew Bailey, Governor of the Bank of England, reveals that the Banks quantitative easing policy has saved the government up to £125 billion over the past fifteen years by lowering borrowing costs during financial crises. Despite recent losses due to rising interest rates, Bailey argues that the overall fiscal benefits of quantitative easing likely outweigh the costs.
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