The Bond Selling Fiasco: A Costly Experiment in Monetary Policy The Bank of England's quantitative tightening (QT) program has turned into a costly experiment that is bleeding the UK exchequer dry.
Economists are urging the chancellor to intervene and put the brakes on this policy, which is causing losses and contributing to higher interest rates.
The QT stance has created a perfect storm of suppressed demand, rising yields, and ballooning costs.