What is quantitative easing (QE)?
QE is a monetary policy tool in which the Bank of England creates central bank reserves to buy assets, mainly gilts, through its Asset Purchase Facility. This pushes up asset prices and lowers longer-term interest rates, supporting spending (Bank of England, quantitative easing explainer). Selling gilts to remove money is the reverse (quantitative tightening). Tax rebates are fiscal policy.
Describing QE as a fiscal measure or confusing it with its reverse.
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