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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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fnlondon.comFormer 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...
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