Global lower rate environment harmful to investors: BlackRock CEO
Add BT as a preferred source[NEW YORK] Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc Chairman and Chief Executive Officer Laurence Fink said on Wednesday.
The "low rate environment is having a profound impact on how they're going to operate," Mr Fink said at the Annual Bernstein Strategic Decisions Conference on Wednesday.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
NDR 2026: Singapore to create new Western island to support 'new generation of industries'
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan
Asia-Pacific aviation: is up really the only way?
