BOE’s Vlieghe: Central banks using balance sheets in no way detracts from ability to hit inflation target

The Bank of England (BOE) policymaker Gertjan Vlieghe is on the wires now, via Reuters, delivering a speech titled “Monetary policy and the Bank of England’s balance sheet” on webcast.

Key quotes

Central banks using balance sheets in no way detracts from independence and ability to hit the inflation target.

The UK has an institutional framework in place to make it abundantly clear that the MPC is in charge of monetary policy.