Central banks running out of room amid turbulence, BIS warns
Confidence in central banks is “faltering”, Claudio Borio says
Claudio Borio, head of the Bank for International Settlements’ (BIS) monetary and economic department, told journalists that “[market participants’] confidence in central banks’ healing powers has – probably for the first time – been faltering”. Policy-makers “would do well to take notice”, he said
In its previous review, published in December, the BIS warned of “uneasy calm” before a coming storm, and the turbulence in markets at the start of the year seems to have justified those fears. A
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