Arne Hassel, Chief Investment Officer, shares some thoughts on investing, considers where we are in the economic cycle and reveals his views on inflation and interest rates. He suggests that we are currently experiencing a longer than average recovery phase but are not yet at the end. Arne is confident that many central banks will start hiking rates soon; however he does not think that this will have a major impact on financial markets as the hikes will be quite small and will happen slowly, against a backdrop of decent growth.