Moody's: Interest rates to stay low 'for several years'

Long and short-term interest rates in the eurozone and the US will likely stay low for "the next several years", according to Moody's Investors Service.

In a major report, the ratings firm says that 10-years of recovery following the global financial crash has left the world locked in a cycle of slow growth and low inflation expectations, while sovereign borrowing rates have slumped even in countries carrying large debts.