The Bank for International Settlements (BIS) on Monday cautioned central banks on leaving rates too low for too long, saying that ultra loose policy was likely to stoke inflation sooner than many expect.
The BIS said the degree of slack in economies was likely to be far smaller than suggested by conventional measures of the output gap - measures which some policymakers at the Bank of England and the Federal Reserve have cited as justification for keeping rates at record lows for an extended peri
- Bank of Mexico admits $15.2 million went missing in cyber heist
- Is this the beginning of a new era of credit risk management technology?
- Argentina rescue advances as emerging markets suffer outflows
- Artificial intelligence: The future of regulation?
- Norges Bank does not rule out launching digital currency