BIS flags risks if monetary policies too slow to return to 'normal'

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…