There was a lot of uncertainty over whether central banks' latest wheeze was of any use to institutional investors. Just over a third supported the forward guidance policy, just over a quarter said it didn't help, but the largest proportion of contributors just didn't know.
Supporters said the strategy clarified the banks' thinking and helped investors to predict where base rates would be in the short to medium term. "In theory a clearly defined set of rules should...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date