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Rate Hike Recess

25 Sep 20237 minute
Rate Hike Recess

Last week the OECD raised its growth outlook for this year but lowered it for 2024. Britain’s inflation rate unexpectedly fell in August to its lowest level in 18 months. The Bank of England kept interest rates unchanged for the first time in almost two years. The Fed also held interest rates steady, but it hinted at a hike later this year. Joining the two, the Bank of Japan also left its monetary policy unchanged. EM small-caps are set for their second-best relative return over large-caps in 14 years.

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