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Abolition of cash is "interesting idea" but not a policy measure – BOE’s Vlieghe

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Also testifying on inflation and the economic outlook before Parliament's Treasury Committee, BOE policymaker Gertjan Vlieghe stated that abolition of cash is "interesting idea" but not a policy measure for the central bank.

    He further added, “Idea of helicopter money has big problems as tantamount to abandoning inflation target.” On monetary policy, Mr. Vlieghe said, “rate cuts, more QE’ remain the “first line of defence.”
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