World Bank: Consumers can expect credit card, mortgage interest rates to stay high | DW News

Even while inflation rates are falling, the World Bank is predicting that interest rates will stay high for the foreseeable future. Part of the reason are the compounding global crises that have happened in the beginning of this decade -- wars and pandemic, just to name a few.
And the world's two largest economies, the US and China, are seeing slowing growth. We discuss with the World Bank's Deputy Chief Economist, Ayhan Kose, what it will take to turn the world economy around.

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[koolski]

Until wages catch up with the surge in prices, the average person will continue to feel the effects of the inflation even if the current inflation rate has dropped.

[deadby]

I think the best thing is to curb your desires and refrain from buying unnecessary things.
If you never borrow money, you have more peace of mind. 🙂

[ANIMALS_AND_MORE_moments]

The logic of growths - produce lots of cheap, short lived products with raw materials shipped from all ends of the world, ship the ready made products around the world, ship the waste around the world and recycle the part possible (still the smallest) to be shipped than around to produce another short lived product. I think it is time to review growths definition and it's taking as leas for economies. The world bank deputy economist almost begging said that countries have more to invest in alternative, so called green energy production - but compared, such countries growths rate will always be (much) lower compared to mass production of short lived products.
Therefore, the parameter have to be reviewed.

[robertgreybeard]

I feel like I am being slowly strangled, quite frankly.

[MrLittlecat]

Wealth inequality and property prices are the major issue of these. While those wealthy are in charge with government role and big industry player and all these will still getting even worse.

[zomgoose]

Lowering interest rates would be a huge mistake. Inflation is severely underreported, so it would be an economic disaster.

[tommygravel]

This guy is high .. much higher than his inflation

[arlenehillril]

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

[MeAjaysingh]

DW should show entire Indian Map as disputed territory claimed by Mughals and Britishers coz wtf is that map 😂

[techcafe]

You know, CANADA is also a major economy. Why does the media always seem to ignore our country?

[josecarlosterusi]

I am living in Argentina. tell me another joke.

[techcafe]

Housing First + Universal Basic Income is needed for our so-called 'advanced economies'

[dawidrejczak]

Raising employees salaries is like spitting in their faces 😑 STOP rising my salary and insead lower the prices in the stores, coz the money I have saved is becoming worthless…

[bruce]

Doesn’t mean wages and prices gap won’t decrease! These figures aren’t not accurate either!

[BrainofGg]

After Turkey's inflation, i can't imagine those percentages 😅

[RayCharound]

wait til people start feeling the effects of the suez canal/red sea shipping issues later this year

[SerendipityChild]

Ships re-routing around the Suez .. no, inflation isn't peaked.

[pychoupchhoeuy]

If you say inflation comes down I think you’re the 2% group. People living from paycheck to paycheck don’t see anything better until we vote him out then the change will come.

[AH-fmrj]

Real inflation is still way higher than bond rates.

[supermario]

The WB chief economist is talking about inflation?!? I guess all IMF economists were busy that day 😂