Higher rates would hurt, warns IMF
A spike in interest rates could be especially painful for emerging economies
11 April 2021 - 00:10
The steering committee of the International Monetary Fund (IMF) said this week the global economy is recovering faster than expected from the Covid-19 crisis, but warned that a spike in interest rates could be especially painful for emerging economies.
In its communique, the International Monetary & Financial Committee (IMFC) stressed the importance of accelerating the distribution of vaccines globally, and pledged to strengthen international co-operation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.