BofA’s Mensah Says Rates Won’t Return to Levels Before Pandemic
- Sees China stimulus measures as potential ‘step change’
- Germany facing decisions that could affect long-term growth
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Interest rates in many parts of the world will probably stay elevated as frictions ranging from geopolitical conflicts to changes in supply chains plague the global economy, said Bank of America Corp.’s Bernard Mensah said.
“I personally have been worried about just the underlying inflation pressures,” Mensah, who leads the bank’s international operations, said in an interview with Bloomberg TV.