Asset Management in The Low-growth World

Asset Management in The Low-growth World

Money in the bank isn't what it used to be. Although central banks had begun to raise interest rates from the near-zero levels adopted after the global financial crisis, they have been forced to slash them again in response to trade tensions, geopolitics and – of course – Covid-19.

Low interest rates are one thing. But, as the economic effects of the Covid crisis mount, the Bank of England has been sounding out the prospect of negative rates – an experiment already adopted by the European Central Bank and countries such as Denmark, Switzerland and Japan. So the prospect of paying banks to keep hold of your money is now very real.

That's terrible news for savers. And it should