Business News

World Bank’s Banga: Interest rates to stay higher for longer

Reuters
Reuters
FILE PHOTO: Second day of the International Monetary Fund and the World Bank meeting in Marrakech

MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe.

He also told a news conference that wars are extremely challenging for central banks that are trying to find a way to steer their economies towards a soft landing.

(Reporting by David Lawder and Leika Kihara; Editing by Alison Williams)

Related News:   Stop and Shop Announces Closure of Jackson Supermarket

tagreuters.com2023binary_LYNXMPEJ9A0B9-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.