Persistent inflation constrains policy

Persistent inflation constrains policy

From Market take by BlackRock

April 27, 2026 · 4 min · Episode 139

About this episode

Nicholas Fawcett discusses the impact of persistent inflation on central bank policies and the role of long-term government bonds in investment portfolios.

Inflation pressures predate the Middle East supply shock, leaving central banks constrained on policy. Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute, explains why we expect yields to remain elevated and how this affects the role of long-term government bonds as portfolio diversifiers. General disclosure : This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast. In the U.S. and Canada, this material is intended for public distribution. In the UK and…

People in this episode

Guest: Nicholas Fawcett

Topics covered

  • inflation
  • central banks
  • government bonds
  • investment strategy
  • economic policy

Keywords

  • inflation
  • central banks
  • yields
  • government bonds
  • portfolio diversifiers

Mentioned in this episode

Organizations: BlackRock

Places: Middle East

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