We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
Pension funds and quantitative easing - speech by Charlie Bean
Speaking at the National Association of Pension Funds’ Local Authority Conference in Gloucestershire, Charlie Bean – Deputy Governor for Monetary Policy and member of both the Monetary Policy Committee and Financial Policy Committee – discusses how pension funds may have been affected by a range of different factors, including quantitative easing (QE), over the past few years.
Published on
23 May 2012
Charlie Bean begins by reiterating how QE works and what it seeks to achieve, noting that one consequence of the Bank’s gilt purchases is to drive down gilt yields and put upward pressure on the prices of a whole range of assets. He notes that earlier Bank research found that the first round of QE reduced gilt yields by around one percentage point and boosted equity prices by around 20 per cent.