Aviva Investors' Higham: MPC meetings are no longer relevant

Chris Higham, bond fund manager at Aviva Investors, has argued the market is overly focused on interest rate movements, and investors should look more closely at other policy decisions.

Speaking at Investment Week's Strategic Bond Briefing in March, the manager of the £309m Aviva Investors Strategic Bond fund said decisions by the Financial Policy Committee (FPC) on mortgage lending are more relevant to the market. The Bank of England's FPC, led by Governor Mark Carney, was established in April 2013 to identify, monitor and reduce systemic risks in the UK financial system. In February, it was announced the FPC will be given new powers to ensure the ongoing stability of the housing market through setting limits of debt to income ratios and loan to value ratios for mortga...