© Reuters. FILE PHOTO: World Bank President Ajay Banga speaks on the second day of the annual meeting of the International Monetary Fund and the World Bank, following last month’s deadly earthquake, in Marrakech, Morocco, October 10, 2023. REUTERS/Susana Vera/File p
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.