QE is not hurting pension funds, says Broadbent

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Ben Broadbent: "We are just the last link in the chain; we were not the cause of low interest rates"
Bank of England

A deputy governor of the Bank of England (BoE) has denied quantitative easing harms businesses with pension funds in a response to questions from members of parliament on October 17.

Quizzed by members of the Work and Pensions Committee, Ben Broadbent made a clear distinction between the impact of monetary policy - low interest rates and quantitative easing - and the natural decline in the neutral rate of interest.

"We are just the last link in the chain; we were not the cause of low interest

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