Rate rises could add $8.6 trillion to global borrowing costs -S&P
By Naomi Rovnick LONDON (Reuters) – Central bank rate rises could land global borrowers with $8.6 trillion in extra debt servicing costs in coming years, S&P Global estimated on Friday, warning of a slowdown in economic activity as a result. Major central banks have delivered a record 2,700 basis points of rate hikes in 2022 …
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