Simultaneous rate hikes could lead to a 'chain of financial crises', World Bank warns

Simultaneous rate hikes could lead to a ‘chain of financial crises’, World Bank warns

(Kitco News) The global fight against inflation in the form of aggressive and simultaneous rate hikes by central banks increases the risk of a recession and a series of financial crises in 2023, the World Bank said in a statement. report. The global trend of outsized interest rate hikes by many central banks poses a …

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