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Brexit is an additional adjustment to a 'risky trinity': BIS

The triad being the 3 threats to global growth, as the "bank for central banks" sums up

Mr Caruana of BIS said: "With good cooperation at the global level, I am confident that uncertainty (from Brexit) can be contained and that adjustments will proceed as smoothly as possible."


THE prospect of the United Kingdom leaving the European Union represents another risk that central banks around the world now have to contend with, even as they collaborate to combat a "risky trinity" that may destabilise a fragile global economic recovery.

Terming Friday