WASHINGTON (Reuters) – World Bank President David Malpass said on Tuesday that gradual central bank interest rate hikes and “tapering” of bond purchases are not likely to be able to control inflation that is hitting the world’s poor the hardest.
“Gradual interest rate hikes would still leave real interest rates low or negative,” Malpass said during an online event to launch the bank’s latest Development Report.
(Reporting by Andrea Shalal and David Lawder)
