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The International Monetary Fund (IMF) has warned that around 5% of global banks could struggle in an economic downturn if central bank interest rates remain higher for longer. Despite recent improvements in the banking sector, these banks are still vulnerable to stress. The World Bank's Banga also expressed concerns about the prospect of high interest rates constricting the global economy. This worry stems from the belief that these rates will continue to restrict economic growth. The World Bank is particularly concerned about the impact of high interest rates on large debt burdens.
The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials https://t.co/zMEDD4bi3u
The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials https://t.co/lwzYV4XZ2G
World Bank's Banga: Interest rates to stay higher for longer https://t.co/eqkl131674 https://t.co/4mRlY5v7Cn
The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials https://t.co/rzc0FaKthQ
Higher-for-Longer Rates Worry World Bank Over Large Debt Burdens - BBG https://t.co/wDmtLiNT1M
World Bank's Banga: Interest rates to stay higher for longer - Reuters https://t.co/HNKggzFHZ1
World Bank's Banga: Interest rates to stay higher for longer https://t.co/bKeAbs6mOm https://t.co/ptgtCTkBnH
World Bank's Banga: Interest rates to stay higher for longer https://t.co/bzOMjWPboM https://t.co/VJRYg5Ol7x
IMF SAYS 'WEAK TAIL' OF BANKS COULD STRUGGLE IN AN ECONOMIC DOWNTURN (Reuters) Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, despite the easing of turmoil in the sector in recent months. https://t.co/aJxVowQBWR