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"Fresh Tariffs Could See Interest Rates Stay Higher For Even Longer, IMF Warns; The Fund Left Its Forecast For World Economic Growth This Year Unchanged At 3.2%, And Raised Its Forecast For Next Year To 3.3% From 3.2%" - WSJ

Author: Benzinga Newsdesk | July 16, 2024 10:35am

https://www.wsj.com/economy/global/fresh-tariffs-could-see-interest-rates-stay-higher-for-even-longer-imf-warns-ac1196d0?mod=latest_headlines

A fresh wave of tariffs could revive inflation and pressure central banks to keep their key interest rates high, the International Monetary Fund warned Tuesday.

In its latest report on the outlook for the global economy, the Fund said borrowing costs could also be pushed higher by a series of elections that may lead to a surge in already high levels of government borrowing.

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