ETMarkets Fund Manager Talk: Defined allocation to equities only after clarity on interest rates peaking: Satish Ramanathan

“We think we should be done with interest rate hikes by central banks by mid 2023. However, the cost of capital for corporates and retail borrowers will continue to increase as liquidity tightens due to the balance sheet shrinking exercise by the US Fed. This may put the brakes on capex and consumer spending globally and reduce inflationary pressures.”