Prolonged cheap borrowing costs would hit earnings and force financial institutions to change commerce models,study saysA prolonged period of low interest rates will tempt banks to take greater risks and sound the death knell (the solemn sound of a bell, often indicating a death) for final salary pensions, the International Monetary Fund has warned.
A novel study from the IMF said a continuation of the cheap borrowing environment seen since the global financial crisis a decade ago would pose a “meaningful challenge” to financial institutions and force them to make fundamental changes to their commerce models. Related: Markets volatile after Federal Reserve surprise and ahead of Trump China meeting - commerce live Continue reading...
Source: theguardian.com