
Just a Little Higher? Antti Ilmanen on the Low-Return Challenge - Reprint
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Just a Little Higher? Antti Ilmanen on the Low-Return Challenge
In a low-for-long interest rate environment, “How long is long?”
That’s the questionLars Rohde, chair of the Board of Governors of Danmarks Nationalbank, posed to the attendees of the1st Nordic Investment Conferencein Copenhagen, Denmark.
His answer? “We do not know. What we do know is that it will be prudent for the financial sector and investors to prepare for a long period of very low interest rates. This is — so to speak — the new normal. It creates new challenges for the financial sector. The only thing you can do is to adapt.”