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The Bank of England is ‘oblivious to its own role’ in market meltdown says ex-pensions minister Ros Altmann
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Former Conservative pensions minister Baroness Ros Altmann says it is “highly likely” the Bank of England will need to continue with its emergency bond-buying programme beyond the 14 October deadline, claiming it is “oblivious to its own role” in the market meltdown that has caused a crisis among UK pension funds.
“There are many causes of the current situation, with responsibility shared between the Bank of England’s monetary policy handling, the chancellor’s fiscal announcements [and] the regulatory encouragement of supposedly...
Read more on fnlondon.comAbout this in other media
Why the Bank of England is struggling to calm markets fnlondon.com /2 years ago
Bank of England expands bond buying to avoid ‘fire sale’ theguardian.com /2 years ago
UK debt market sees fresh selloff after Bank on England halts long-dated bond purchase fnlondon.com /2 years ago
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