Higher interest rates risk another global financial crisis, says OECD

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Higher interest rates risk another global financial crisis, says OECD - short news

UK at particular risk due to high government borrowing following pandemic and Ukraine war

Financial markets could fall sharply if stubbornly high inflation forces central banks into further aggressive increases in interest rates, a leading international body has warned.

The Paris-based Organisation for Economic Co-operation and Development said ever-higher borrowing costs could put the global financial system under severe stress and send share and bond prices tumbling, as it..

Read more on The Guardian

source: The Guardian - 07.06.2023