‘High rates may hurt debt repayment’

NEW DELHI: Forward of the G20 summit in New Delhi, Switzerland-based Monetary Stability Board (FSB) on Tuesday warned that increased rates of interest alongside a slowing progress outlook,may impair the capability of debtors to service excessive ranges of debt.
The FSB has printed communication from its Chair Klaas Knot to G20 leaders. FSB confused {that a} resilient and secure monetary system is indispensable to sustaining financial progress, significantly within the present atmosphere.
Knot known as on authorities to carefully monitor asset high quality in sectors which can be most delicate to increased rates of interest, similar to actual property. businesses

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