BIS's Caruana warns low interest rates are ‘self-validating'

jaime-caruana
Jaime Caruana

Persistent low interest rates risk becoming self-validating in a new and "highly undesirable" equilibrium featuring high debt and anaemic growth, Bank for International Settlements (BIS) general manager, Jaime Caruana, warned in his speech on Sunday to the BIS annual general meeting.

Expanding on themes brought out in the BIS annual report, also published on Sunday, Caruana said the world's economies need to "tackle the structural headwinds straight on", rather than relying on easy monetary poli

To continue reading...

You must be signed in to use this feature.

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: