IMF predicts interest rates to return to pre-Covid levels.

The International Monetary Fund (IMF) predicts that interest rates in major economies will fall to pre-pandemic levels due to low productivity and ageing populations. The IMF said that increases in borrowing costs are likely to be temporary once high inflation is brought under control. Central banks in the UK, the US, Europe and other nations have been lifting interest rates to combat inflation. The IMF did not specify when interest rates would fall back to lower levels.