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The Bank of England urges a plan to curb inflation According to an influential parliamentary committee, the Bank of England needs to provide better reasons to prove that the rise in inflation is temporary. The committee also questioned whether quantitative easing needs to continue. The House of Lords Economic Affairs Committee, including former Bank of England Governor Mervyn King, said on Friday that the Bank of England failed to justify its flagship quantitative easing policy the central bank tried to stimulate spending by creating money and injecting it into the economy The approach is through the purchase of assets. Lord Michael Forsyth of Drumlean and Chairman of the Economic Affairs Committee stated that the bank “has been obsessed with” quantitative easing, using it as “the answer to all the country’s economic problems”, and despite its “dazzling,” it has hardly faced any problem. “Size.

United kingdomMervyn kingMichael forsythNicholas sternEconomic affairs committeeEuropean central bankWorld bankHouse of lords economic affairs committeeFederal reserveMonetary policy committeeLords economic affairs committeeEngland governor mervyn kingThreadneedle streetஒன்றுபட்டது கிஂக்டம்மெர்வின் கிங்மைக்கேல் ஃபார்ஸித்