Navigating uncertainty: Unleashing the power of MyMap funds

BlackRock's MyMap funds provide flexibility in a time of uncertainty.

MyMap Funds
(Image credit: BlackRock)

Developed market (DM) central banks have been steadily hiking interest rates since early 2022, as they attempt to bring inflation back down to target levels – but we think they’ve now reached the summit of that ascent.

We don’t expect central bank policymakers to start cutting interest rates any time soon – we think they’ll keep interest rates at a higher, or ‘tighter’, level for longer than in the past. Why? Inflation levels are still far above the 2% target levels set by DM central banks to keep their economies stable. Central banks use higher interest rates to make it more expensive to borrow money and more attractive to save it. This tends to reduce the level of spending in an economy and, therefore, inflation – but this lower spending also means slower economic growth.

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