Global markets, while jittery, have bounced back: BIS

London

GLOBAL markets, albeit still "jittery", have recovered sharply this year as investors and traders are more relaxed about central bank policies, the latest Bank for International Settlements (BIS) report says.

"The very gradual and predicable monetary tightening process is on pause and has become less predictable," said Claudio Borio, head of the BIS' Monetary and Economic Department. "The narrow normalisation path is proving to be a winding one."