What will a world of structurally higher interest rates look like? How will central bank behaviour change in the coming years? What will this mean for market returns?
Our senior economist team hosted a special online briefing all about their new work estimating r* and the global economy through 2030.
The team talked through major forces that will reshape advanced economies in the coming years – from demographic change to artificial intelligence to the green transition – to show why we are entering a period of higher equilibrium real rates, and what that means for a broad swathe of asset prices.
During this 30-minute session, our economists answered client questions as they addressed key issues, including:
- The forces that will raise equilibrium real interest rates in advanced economies from their ultra-low levels of the 2010s;
- How this changing rate environment will affect how central banks set interest rates over the longer-term;
- What rising risk-free rates could mean for asset allocation.
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