BoE’s Haldane calls for policy action on short-termism
Financial market myopia is mounting and must be addressed with public policy intervention, Andrew Haldane, the executive director for financial stability at the Bank of England, has claimed.
At an event in Brussels, Haldane said: "There is statistically significant evidence of short-termism in the pricing of companies' equities. This is true across all industrial sectors. Moreover, there is evidence of short-termism having increased over the recent past." He added: "Without intervention, the
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