BOE’s Hauser: Will not start to reverse QE before bank rate reaches around 1.5%

Following are the latest comments by the Bank of England (BOE) Executive Director for Markets, Andrew Hauser, as reported by Reuters.

BOE’s balance sheet "will shrink materially" when quantitative easing reversed.

Monetary Policy Committee (MPC) has said it will not start to reverse QE before bank rate reaches around 1.5%.