The Intelligence: higher-for-longer interest rates
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 9 November 2023
⏱️ 26 minutes
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Summary
Economists have stopped waiting for interest rates to drop because it doesn’t seem to be coming. The upward pressure on long-term bond yields suggests that this situation could last for a while. How should the world adjust? Israel’s economy might be in good enough shape to withstand the next few months, but a longer war won’t come cheap (12:00). And, Jilly Cooper’s sexy new book (18:55).
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Transcript
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| 0:00.0 | This Economist podcast is sponsored by City. |
| 0:03.2 | They're not authors, but they help you shape your financial story. |
| 0:06.6 | They're not an airline, but they connect global businesses across nearly 160 local markets. |
| 0:12.0 | They're not interpreters, but they listen to and |
| 0:14.3 | understand their clients needs. With global expertise and over two centuries of |
| 0:18.8 | experience, Citi provides tools, insights and guidance that helps clients thrive. |
| 0:24.0 | They're not just any bank, they are city. |
| 0:27.0 | Learn more at city.com slash we are city. The Economist. |
| 0:37.0 | Hello and welcome'm Jason Palmer. |
| 0:45.0 | I'm Ora Ogunbi. |
| 0:48.0 | And I'm Jason Palmer. |
| 0:49.0 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:57.0 | Israel's war economy is working for now. |
| 1:00.0 | It's got healthy foreign reserves and modest debts, but the country has been here before and it seems clear that the longer the campaign against Hamas lasts, the greater the pressure it will face. |
| 1:21.0 | And at 86, author Julie Cooper has had a long career of writing books that make people blush. They're both sexy and sexist. Her latest novel is out today. How will |
| 1:26.4 | literary London take it? |
| 1:35.0 | First up though. though. |
| 1:37.0 | Not so long ago. |
| 1:42.0 | Not so long ago, interest rates hovered near zero in the rich world and even turned negative in the Eurozone. |
| 1:50.0 | Economists argued about whether they were on a decades or centuries long downward trend, |
| 1:57.0 | but now that thinking has changed. |
| 2:01.0 | If you think back a year, many forecasts called for the U.S. economy to be in recession this year. |
... |
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