Bank of England launches Twitter Q&A
Following yesterday's social media disaster for British Gas, Bank of England chief economist Spencer Dale is replying to questions on Twitter.
You can track the questions with #AskBoE, and we have some of Dale's replies below.
@bankofengland Why are you meeting every month when interest rates r on hold for around 2 years?
— OspreyPools (@ospreypools) October 14, 2013
#AskBoE @ospreypools Interest rates not on hold for fixed period. Depends on growth and inflation outlook.
— Bank of England (@bankofengland) October 18, 2013
Should QE supported gov borrowing be a part of the GDP equation. As it gives a false impression of real output? #AskBoE
— Matt (@prop_idol_) October 14, 2013
#AskBoE @prop_idol_ QE has supported real output by raising asset prices, reducing interest rates and encouraging private spending
— Bank of England (@bankofengland) October 18, 2013
@bankofengland what do you expect the negative consequences to be of blowing "the biggest bond bubble in world history"(haldane)?
— Cornet Thompson (@thompson_cornet) October 14, 2013
#AskBoE @thompson_cornet low rates and QE have supported economic recovery and avoided much worse outcome. Will be unwound with great care.
— Bank of England (@bankofengland) October 18, 2013
@bankofengland Is total write-off of global sovereign debt even being considered? Game's changed, but playing by old rules. Restart. #AskBoE
— John Anthony Booth (@JABoothView) October 14, 2013
#AskBoE @JABoothView Not obvious how you would do that without creating huge problems for asset holders
— Bank of England (@bankofengland) October 18, 2013
@bankofengland do you ever polish the gold 1Kg brick in the museum?
— Kevin Jones (@Realkevintjones) October 14, 2013
#AskBoE @Realkevintjones No need. It stays shiny without being polished.
— Bank of England (@bankofengland) October 18, 2013
@bankofengland Does it make economic sense to leave the European Union? #askBoE
— Sandbach High School (@SandbachHigh) October 15, 2013
#AskBoE @SandbachHigh UK has benefited from access to the single market, but there are many other considerations that are outside my brief
— Bank of England (@bankofengland) October 18, 2013
@bankofengland Has quantitative easing had the desired effect on the economy? #askBoE
— Sandbach High School (@SandbachHigh) October 15, 2013
#AskBoE @sandbachHigh We think QE has given significant support to the economy. See this article: http://t.co/KWf7NZ66qg
— Bank of England (@bankofengland) October 18, 2013