How the Bank of England has wasted billions — and why Australia shows the way forward - New Economics Foundation

The Bank's quantitative easing programme has generated losses far bigger than other central banks Christopher Mahon is a chartered financial analyst and fund manager with almost 30 years’ experience. This is a guest blog for NEF; views expressed are the author’s own and do not necessarily represent those of the New Economics Foundation. The Bank of England ran up billions of avoidable losses on its quantitative easing (QE) era decisions. And it is compounding the cost today. During crises including the Covid-19 crisis and Brexit, the Bank bought up government bonds to support the economy via its QE programme. But it did so inefficiently, generating losses far larger than other central banks.