BoE's Broadbent: Long-run fall in interest rates is not due to BoE policy
|Bank of England's Deputy Governor Ben Broadbent crossed the wires last minutes, via Reuters, where he's saying that long-run fall in interest rates is not due to the central bank's policy.
Key headlines (via Reuters):
- Quantitative easing can have an extra bearing on long-term interest rates and pension funds
- Says cannot find evidence that cost of capital has risen more for firms with pension fund deficits than others
- Says possible that regulation is pushing pension funds too much towards low-yielding lower-risk assets
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