The president of the World Bank believes that rates will remain high for longer

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Marrakech (Morocco), Oct 11 (EFECOM).- The president of the World Bank, Ajay Banga, assured this Wednesday that although inflation has begun to go down, "interest rates will remain high for longer."

In a meeting with the media on the occasion of the Annual Assembly of the International Monetary Fund (IMF) and the World Bank that is being held this week in Marrakech (Morocco), Banga pointed out that this high interest rate environment will pose a difficulty for both investments and for the population, which has become accustomed to low interest rates.

"Overall, the world economy is better than we thought a year ago," he said, but the wars pose a challenge to central banks' attempt to achieve "a relatively soft landing." EFECOM


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