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OECD: more rate hikes needed as war slows world economy

OECD says more rate hikes needed as world economy slows 

The world economy is slowing down at a faster pace than expected as a result of the consequences of Russia’s war against Ukraine, the Organisation for Economic Cooperation and Development, or OECD, said on Monday. Further interest rate increases are needed in most major economies to halt inflation, it said.

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