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Today: January 15, 2025

World Bank's Banga: Interest rates to stay higher for longer

Economy
FILE PHOTO: Second day of the International Monetary Fund and the World Bank meeting in Marrakech
April 26, 2024
Reuters - Reuters

MARRAKECH, Morocco (Reuters) - 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)

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