Carney will 'ditch inflation targets, slash interest rates and push more QE'

clock

Mark Carney's arrival at the Bank of England will prompt a fresh round of monetary policy with "no let-up" for pension funds already struggling with low interest rates, the former deputy governor of the Bank told delegates.

Sir John Gieve told the National Association of Pension Funds investment conference he expects Chancellor George Osborne will announce a shift to flexible inflation targeting before the incoming Bo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Standard Life rebrands institutional investment platform

Standard Life rebrands institutional investment platform

Move comes as UK pensions market undergoes ‘significant structural change’

Jonathan Stapleton
clock 08 June 2026 • 2 min read
Majority of FMs met or exceeded targets in 2025, Barnett Waddingham finds

Majority of FMs met or exceeded targets in 2025, Barnett Waddingham finds

Majority of FMs met or exceeded targets in 2025, Barnett Waddingham finds

Martin Richmond
clock 05 June 2026 • 2 min read
Railpen divests from Nestlé over governance and climate concerns

Railpen divests from Nestlé over governance and climate concerns

Manager identifies ‘recurring controversies’ and ‘limited transparency’

Holly Roach
clock 04 June 2026 • 1 min read
Trustpilot