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The Global Rate Hikes Strike the Wall of Debt Maturity

The Global Rate Hikes Strike the Wall of Debt Maturity
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Commentary
More than 90 central banks worldwide are increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates weighted by GDP, will reach 5.4 percent. Next year, the federal funds rate is projected to reach 5.15 percent.
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