Higher Interest Rates Risk Another Global Financial Crisis, Says OECD
By Larry Elliott | The Guardian (free)
Financial markets could fall sharply if stubbornly high inflation forces central banks into further aggressive increases in interest rates, the OECD has warned. The Paris-based organization said ever-higher borrowing costs could put the global financial system under severe stress and send share and bond prices tumbling.
More from WPR: The Pandemic Debt Crisis Was Only Delayed, Not Solved
Antony Blinken to Visit China This Month in Sign of Easing Tensions
By Demetri Sevastopulo | Financial Times
U.S. Secretary of State Antony Blinken will travel to China this month, in the latest sign that Beijing and Washington are beginning to stabilize a turbulent bilateral relationship that had sunk to the lowest point in decades.
More from WPR: The U.S. and China Take Another Stab at Thawing Relations
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