Kames' McNeill: Central banks will revert to QE very quickly in the next downturn

Rising real interest rates a big risk

Tom Eckett
clock • 2 min read

John McNeill, head of rates at Kames Capital, has said the biggest "real danger" for markets is not central banks reducing their $20trn balance sheets, but rises in real interest rates.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: UK markets down as political instability continues

Market Movers blog: UK markets down as political instability continues

Latest news and analysis

Investment Week
clock 18 May 2026 • 1 min read
US inflation rises in April to dent rate cut hopes

US inflation rises in April to dent rate cut hopes

Energy index up 17.9%

Patrick Brusnahan
clock 12 May 2026 • 1 min read
Friday Briefing: Can I count on your vote?

Friday Briefing: Can I count on your vote?

Friday Briefing

Patrick Brusnahan
clock 11 May 2026 • 2 min read
Trustpilot