2017 was a benign year for investors, with the ongoing expansion of the world economy providing a supportive environment for share prices. While forecasts for global growth were increasing, there were few indications this could lead to a sustained rise in inflation which would require a material increase in interest rates.
Sir, Your headline “Oxfam scandal will deter rich from charitable giving, private bankers say” (February 19) is not necessarily helpful. It’s a bit like saying people will not buy films any more because of Harvey Weinstein, and I don’t believe that’s realistic or true.
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