Rising interest rates don’t do their job immediately. Far from it. Central bankers generally agree that it takes some 12 to 18 months to really see the effects. So here we are: It has been around two years since most rates began to rise, and the results are coming in.

In the UK, data from Begbies Traynor showed the number of businesses in critical financial distress up 26% over the last three months of 2023, with insolvency rates expected to soar this year. This makes perfect sense. When rates rise, costs rise and fragile companies fail fast. Less fragile companies aren’t immune either. When the space that comes with the financial slack of low rates gets taken up, everyone has to make everything a little tighter.

QOSHE - ESG and DEI Policies Were Always Luxury Goods - Merryn Somerset Webb
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ESG and DEI Policies Were Always Luxury Goods

4 12
29.01.2024

Rising interest rates don’t do their job immediately. Far from it. Central bankers generally agree that it takes some 12 to 18 months to really see the effects. So here we are: It........

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