BIS's Knight on long-term interest rates

In the speech 'Why have long-term interest rates been so low? Is the global interest rate cycle beginning to turn?' given on 12 May Malcolm Knight of the BIS discusses the surprising decline in real long-term interest rates that has taken place in financial markets throughout the world since the mid-1990s.

He also talks about the recent rise in longer-term yields in financial markets, and the risks to the global economy and financial system that might materialize if yields were to rise

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