IMF predicts return to pre-COVID ultra-low interest rates.

The International Monetary Fund (IMF) has stated that interest rates will fall to pre-pandemic levels once inflation is under control. The IMF's latest World Economic Outlook suggests that advanced economies' central banks will ease monetary policy, bringing real interest rates back towards pre-pandemic levels. The "natural" level of rates will remain low in advanced economies or decline further in emerging markets. Global growth is expected to be below 3% in 2023 and remain around that level for the next five years, with India and China accounting for half of the global growth in 2023.