The Lords report on Quantitative easing is out this morning. Incredibly it is the UK’s first independent comprehensive report into QE.
The report … calls for the BoE to outline a road map that demonstrates how it intends to unwind QE and to engage more openly about the side-effects of the programme, particularly inequality. It suggested that QE artificially inflated asset prices, such as shares and house prices, which had disproportionately benefited those owning them, exacerbating wealth inequalities. “Just ask any youngster trying to buy a flat and they will tell you about the impact of QE,” said Forsyth. (Financial Times)
Generous coverage in the popular press.