Central Banking

FSF: global economy vulnerable to rate rises

Following a meeting in Rome, chaired by Fed vice chairman, Roger Ferguson, the Financial Stability Forum (FSF) issued a generally upbeat assessment of the global economy but highlighted worries about excessive levels of debt and capital flows to emerging markets.

The FSF, a high level forum which links central banks, ministries of finance and financial regulatory agencies from the world's most significant financial centres, noted that the global recovery was on "a relatively secure footing" and

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