Our latest CIO Special – Financial repression: still restraining real rates – looks at central banks’ use of monetary policy to hold down real interest rates.


This so-called “financial repression” carries a number of policy risks and creates challenges for investors. But, as the report argues, while some government bond yields have moved up in recent weeks, low or negative real interest rates will be with us for some time yet.


The report examines:

  • The reasons behind the long-term downwards trend in interest rates
  • Policy sustainability and risks as the growth and inflation outlook changes
  • Possible future scenarios for financial repression
  • Investment and portfolio management implications


To download a PDF of the full report, please click here.

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