173. Why it takes 18 months for interest rate rises to have an impact

<p>Veteran fund manager Richard Woolnough explains inflation and interest rates and their impact on bonds in this very educational podcast. As the cost of living continues to rise here in the UK and elsewhere around the world, Richard discusses the role of central banks, the desire to find a ‘neutral’ rate and how far and how high he believes interest rates will rise in the coming months. He also discusses how long it could take for interest rate rises to have a meaningful impact on the economy,<br/><br/></p>