28: Quantitative tightening: What’s it all about?

Analogy #1: If you laid out in $1 bills the amount that has been bought by central banks over the last ten years, you would end up covering an area around five times the size of Wales. Ahead of the European Central Bank and Federal Reserve meetings happening later this month, we invited Chris and Ben to the podcast to discuss central banks’ reversal of their quantitative easing programmes – a process also known as quantitative tightening – and the impact it’s had on markets. They talk us through the monetary policy in practice and highlight the slightly different ways the LGIM investment teams see the situation. Ben Bennett, Head of Investment Strategy and Research Chris Jeffery, Strategist, Asset Allocation Mark Chappel, Senior Investment Writer Read Chris and Ben’s latest thinking here: http://www.lgim.com/uk/en/insights/our-thinking/ We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.