Zero-policy rates 'ill-serve' emerging markets: BIS's Caruana


Jaime Caruana, the general manager of the Bank for International Settlements (BIS), on Thursday admitted the accommodative monetary policy stance in advanced economies was driving up credit growth in emerging economies, warning that it could have harmful consequences on healthy balance sheets.

At the International Capital Markets Association Annual General Meeting and Annual Conference in Paris, Caruana said: "Zero interest rates may serve well domestic borrowers in an economy with persistent

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: