BOE's Broadbent: Long-run fall in interest rates not due to BOE policy

Author: Adam Button | Category: Central Banks

Comments from Bank of England Deputy Governor Ben Broadbent at a Parliamentary committee

  • Low rates not due to monetary policy
  • Cannot find evidence that cost of capital has risen more for firms with pension deficits that for others
  • Possible that regulation is pushing pension funds too much towards lower yielding assets

Broadbent has spoken twice today already.

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