BoE's Broadbent: Long-run fall in interest rates is not due to BoE policy

Bank of England's Deputy Governor Ben Broadbent crossed the wires last minutes, via Reuters, where he's saying that long-run fall in interest rates is not due to the central bank's policy.

Key headlines (via Reuters):

• Quantitative easing can have an extra bearing on long-term interest rates and pension funds
• Says cannot find evidence that cost of capital has risen more for firms with pension fund deficits than others
• Says possible that regulation is pushing pension funds too much towards low-yielding lower-risk assets