Peak interest rates are in sight - OMBA director Mark Perchtold

Loading player...
After the steep climbs in interest rates, we could finally be approaching the peak. That is according to Mark Perchtold, the founding director of OMBA Advisory and Investments. This perspective comes on the heels of remarks from prominent figures in finance. Bank of England Governor Ben Broadbent said it was an open question whether interest rates in the UK would continue to rise. At the same time, Jamie Dimon, the CEO of JP Morgan Chase, issued a stark warning to Wall Street, suggesting that the Federal Reserve might not be finished with its aggressive interest rate hike campaign in the battle against elevated inflation. During an interview with Biznews, Perchtold said, fortunately, inflation is trending downward, which could pave the way for central banks to announce rate cuts in the future. However, he cautioned that on the flip side of the coin, such rate cuts could potentially trigger a recession in developed countries. Despite ongoing geopolitical tensions, Perchtold remains bullish on China. He said China trades cheaply, and the bad news has been priced in."They have stopped making big policy changes and are supportive of platform business," he says. One of the changes that OMBA has made to its portfolios is moving some of its S&P 500 allocations into the S&P 500 Equal Weight Index.
5 Oct 2023 10AM English South Africa Investing · Business News

Other recent episodes

Juanita Du Preez: Mchunu, Mkhwanazi, Masemola, Matlala, Mashatile…

The fusion of crime and South African politics remains in the headlines. In her latest interview with Chris Steyn, Action Society's National Spokesperson, Juanita du Preez, comments on Special Leave Police Minister Senzo Mchunu resuming his duties as a member of the African National Congress (ANC) NEC; KwaZulu-Natal Provincial Commissioner…
31 Mar 9AM 13 min

BNC#8 Piet le Roux Q&A - Economy, policy, and the crisis no one talks about

A hard-hitting conversation with Piet le Roux confronts South Africa’s uncomfortable truths: slowing growth, rising policy risks, and fragile infrastructure. While not yet a full crisis, warning signs are intensifying. The discussion challenges complacency, urging honest language about transformation policies and their consequences. It highlights the limits of politics alone…
31 Mar 8AM 24 min