World Bank's Banga: Interest rates to stay higher for longer
© Reuters. FILE PHOTO: World Bank President Ajay Banga speaks on the second day of the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 10, 2023. REUTERS/Susana Vera/File p
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.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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