Characteristics of cash on deposit and money market instruments
Yield - expected return relative to other assets
It is mentioned that "
This does not mean that these investments will give a lower actual return than other investments."
I understand that sometimes even these investments can give higher returns as compared to equities and other classes. But not clear what is meant by actual returns.
- Section 8.4 (Increases in the values of index-linked bonds)
Not able to understand the first point where "less government commitment to a low inflation environment." How does this contribute to greater uncertainty over future expected inflation?