The World Bank Group and International Monetary Fund's Annual Meetings got underway on October 9 in Marrakech, Morocco, and will end on October 15 there. Ajay Banga, the president of the World Bank, voiced concern about the protracted era of high-interest rates and its potential impact on international investments during a news conference held at the event.
According to Banga, interest rates are anticipated to be high for a sizable period of time, which may make investment decisions for businesses all over the world more challenging. He also emphasized the difficulties that central banks face in trying to stabilize their countries' economies. Banga noted how difficult it has become for central banks to adopt successful monetary policies as a result of persistent international conflicts and geopolitical tensions.
These anxieties are a result of growing uncertainty regarding the health of the global economy, and financial markets and companies are constantly watching changes in interest rates. The protracted period of high-interest rates may have an impact on borrowing costs, company growth, and investment choices, creating a challenging climate for businesses and investors.
Follow Us On Facebook: https://web.facebook.com/bfmnetwork
Banga's insights are particularly significant in developing global economic plans because of the World Bank's role in assisting nations' economic development and stability. In the upcoming months, it will be interesting to see how the financial markets and decision-makers will react to these worries.
SOURCE:
-GHANAWEB- "Interest rates to stay higher for longer – World Bank chief warns"
Comments
Post a Comment