NEW DELHI: Ahead of the G20 summit in New Delhi, Switzerland-based Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook,could impair the capacity of borrowers to service high levels of debt.
The FSB has published communication from its Chair Klaas Knot to G20 leaders. FSB stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment.
Knot called on authorities to closely monitor asset quality in sectors that are most sensitive to higher interest rates, such as real estate. agencies
The FSB has published communication from its Chair Klaas Knot to G20 leaders. FSB stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment.
Knot called on authorities to closely monitor asset quality in sectors that are most sensitive to higher interest rates, such as real estate. agencies
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