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Tidal forces: Dissecting the interest rate equation
According to a paper (Tidal Forces: Dissecting the interest rate equation) from BNY Mellon Investment Management’s chief economist, Shamik Dhar, rates are likely to settle between 4.5% and 5.5% – a range not seen since 2008 and certainly more reminiscent of the 1980s and 1990s.
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