World Bank ready to pitch in if Fed move uncaps borrowing costs

06/19/2013 | Reuters

The World Bank says it will step in if an eventual U.S. Federal Reserve tapering suddenly causes borrowing costs to soar. "If the United States does back off ... and slows down its quantitative easing, borrowing costs will go up, and we think they will also go up for developing countries. And that's a real concern," bank President Jim Yong Kim said.

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