How Retailers Can Navigate Rising Borrowing Costs

Retailers are coming to grips with the end of cheap loans.

Central banks around the world are hiking interest rates as they fight the highest inflation in four decades. In the US, the Federal Reserve has set its benchmark rate, which determines borrowing costs across the economy, at 4.75 percent to 5 percent, a level not seen since 2006, with another quarter-percentage-point increase expected in May. In the UK, the Bank of England, too, has…