Interest rates are rising again: Is cheap money gone for good?
By CGTN
Community Score: 50% | 1.1K views | 1w
0 community ratings: null thumbs up, null thumbs down
As the conflict in the Middle East drives up energy costs and reignites inflation, interest rates are rising again across major economies. With global debt now exceeding $365 trillion, higher borrowing costs are putting renewed pressure on households, businesses and governments. The US Federal Reserve and European Central Bank have raised rates, while China has kept its benchmark lending rate at a record low. But policymakers remain divided over how far to go, balancing the need to contain inflation against the risk of weakening growth. Is this a short, sharp response to an energy shock, or the beginning of a prolonged squeeze on the global economy? Joining Juliet Mann this week are Vicky Pryce, chief economic adviser at CEBR, economist Gerard Lyons, and James Knightly, chief international economist at ING Financial Markets LLC. #InterestRates #CheapMoney #GlobalEconomy #Inflation #GlobalDebt #TheAgenda #CGTNEurope #CentralBanks #economicnews 00:00 - Introduction: Rising Interest
Tags: CGTN, News, China, China news, Breaking news, Current news, Chinese news, CGTN NEWS, CGTN Live, Live CGTN
More from CGTN
- Jeffrey Sachs: US and Israel underestimated Iran — Score: 50%
- Key outcomes of the China-US economic, trade talks in Paris — Score: 50%
- Israeli Prime Minister posts video to prove he is alive #worldnow — Score: 50%
- China's Kuaizhou-11 Y7 rocket launches eight new satellites #coolchina — Score: 50%
- Trump says he 'demands' 7 countries escort ships through Strait of Hormuz #worldnow — Score: 50%
- Live ship tracking map showing the Strait of Hormuz — Score: 50%