Question
To ask Her Majesty’s Government, further to the remarks by Lord Sassoon on 22 November (Official Report, col. 975), why HM Treasury closely monitors an international interest rate swap which is significantly influenced by quantitative easing purchases.
Answer
The Government monitors a wide range of factors in its assessment of the economy. Assessments of international financial markets can be found in the Bank of England Inflation Reports and Financial Stability Reports, as well as in the minutes of the Monetary Policy Committee meetings.