The prospect of rising interest rates has been a hot topic for investors for some time. The recent acceleration in inflation to multi-decade highs across the US, Europe and UK has made this the central issue on the minds of investors around the world.

Markets have been braced for a series of interest rate rises ever since Federal Reserve chair Jay Powell’s said in January that he would do all he could to stop inflation becoming “entrenched”.

In addition to raising rates, the US, UK and Europe are all on a path to tapering their quantitative easing programmes. This represents a fundamental shift away from the ultra-accommodative environment of recent years.

You can now read the full whitepaper at the link below