Are we in a world of permanently higher interest rates?
Luke talks to Lukasz Rachel, Assistant Professor of Economics at UCL, and Bob Gilhooly, Senior Emerging Markets Economist at abrdn, about the long term drivers of interest rates. They discuss the causes of the secular decline in interest rates before the pandemic, whether economic changes wrought by the pandemic will reverse this trend, and the impact of demographics, (de)globalisation and AI.
The skinny
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