IrishExaminer – World Bank Report Predicts Further Volatility For Global Financial Markets – 21 February 2014

Irish Examiner

Global financial markets face more volatility in the short term as nations adjust to higher interest rates and emerging economies deal with a projected decline in capital inflows, according to a World Bank report.

By Katherine Peralta

Quote : “The gradual return of long-term interest rates in both high-income and developing countries to more normal levels should help reduce the excesses and vulnerabilities associated with a persistently low interest-rate environment,” the bank said in the report. “In the near term, however, the transition to higher global interest rates could be volatile.”

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