November 30, 2021

BIS: Central banks warned of ‘false sense of security’

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From BBC The Bank for International Settlements (BIS) has warned that ultra-low interest rates have lulled governments and markets “into a false sense of security”. The Basel-based organisation – usually dubbed the “central banks’ central bank” – urged policy makers to begin to normalise rates. “The risk of normalising too late and too gradually should […]