BoE's Pill sees no return for QE, at least for some years

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska

LONDON, Aug 10 (Reuters) - Bank of England Chief Economist Huw Pill said on Wednesday he could not see a return of quantitative easing for at least a few years.

"It's not to say we won't at some point in the future be back where we were - needing to ease policy and quantitative easing will come back," he told an online audience at an event hosted by the BoE.

"But I don't really foresee that for the next few years at least."

He said the full impact of recent interest rate hikes would not be felt until late 2023.

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Reporting by Andy Bruce, Editing by Kylie MacLellan

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