World Bank: Consumers can Expect Credit Card, Mortgage Interest Rates to stay high

Consumers can expect credit card, mortgage interest rates to stay high

Even while inflation rates are falling, the World Bank is predicting that interest rates will stay high for the foreseeable future. Part of the reason are the compounding global crises that have happened in the beginning of this decade — wars and pandemic, just to name a few.
And the world’s two largest economies, the US and China, are seeing slowing growth. We discuss with the World Bank’s Deputy Chief Economist, Ayhan Kose, what it will take to turn the world economy around.
Credit to : DW News

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