Erste Asset Management

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Market commentary: Is the interest rate peak reached?
Market commentary: Is the interest rate peak reached?
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Market commentary: Is the interest rate peak reached?

“Higher for longer” has become the mantra of the powerful central bankers in recent months. Monetary policy is likely to remain restrictive longer than originally expected. Regardless of whether the major central banks will follow up with a final interest rate step in autumn, the interest rate peak has probably been reached and “the worst” is behind us.