Ecuador shrimp producers fear interest rate hike's impact on US consumption

Any hike in rates not only makes the cost of borrowing money more expensive but also increases the costs of investment and imported goods.

Costs stack up higher for Ecuadorian shrimp producers when interest rates rise.
Costs stack up higher for Ecuadorian shrimp producers when interest rates rise.Photo: Alex Staroseltsev
Published 4 April 2023, 07:29Updated 4 April 2023, 13:32