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Monetary policy on the cheap? Let’s reserve judgement

Monetary policy on the cheap? Let’s reserve judgement

Toby Nangle was formerly Global Head of Asset Allocation at Columbia Threadneedle Investments. Tony Yates is a former professor of economics and head of monetary policy strategy at the Bank of England.

The Bank of England’s rising interest bill has been of increasing focus over the past few weeks. The BOE balance sheet has swollen to close to £900bn after waves of quantitative easing. And while there were fiscal dividends attached…


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