State of Play. 21 September 2023
Throughout the last few years, central banks have been under intense pressure to react to a fast-changing economic environment. Initially, they supported individuals and businesses when the global pandemic emerged by cutting the cost of borrowing. They then rapidly reversed this approach in order to combat inflation. As they approach the expected peak in interest rates, what are the risks of going too far, and importantly, what could be the consequences for both investors and borrowers?
Simon Durling, Santander Asset Management UK’s senior investment specialist shares his thoughts in this week’s State of Play.