IMF warns on QE distortions

The IMF says quantitative easing shifts risk from banks to pension funds. Hannah Brenton reports

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Unprecedented monetary easing is shifting risk in the financial system from the banking sector to weaker pension funds, insurance companies and shadow banking, the International Monetary Fund warned last week.

The international agency said there could be "undesirable side-effects" from central bank policies which have pumped unprecedented amounts of cash into the economy through government bond-buying pr...

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