‘High rates may hurt debt repayment’

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NEW DELHI: Forward of the G20 summit in New Delhi, Switzerland-based Monetary Stability Board (FSB) on Tuesday warned that larger rates of interest alongside a slowing progress outlook,may impair the capability of debtors to service excessive ranges of debt.
The FSB has revealed communication from its Chair Klaas Knot to G20 leaders. FSB careworn {that a} resilient and secure monetary system is indispensable to sustaining financial progress, significantly within the present setting.
Knot known as on authorities to intently monitor asset high quality in sectors which can be most delicate to larger rates of interest, similar to actual property. businesses

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