World Bank's Banga: Interest rates to stay higher for longer
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2023-10-11 16:00
MARRAKECH, Morocco World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer

MARRAKECH, Morocco 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)

Tags economy imf worldbank epus finance