BIS flags risks if monetary policies too slow to return to 'normal'
Persistent low rates see risks migrating to other parts of financial system
INTEREST rates have been "extraordinarily low for exceptionally long", and this points to the global economy's struggle to shake off its post-crisis malaise. As such, more attention should be paid to the risks of normalising loose monetary policies too slowly, the Bank of International Settlements (BIS) warns in its annual economic review. All this even as debate continues over when the US Federal Reserve should hike rates.
Persistently low interest rates also mea…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%