BIS warns of further shockwaves in ‘generation-defining’ crisis

BIS with flags
Dan Hinge

Central bank policy has been stretched almost to its limit but the world has not yet escaped from the Covid-19 crisis, senior officials at the Bank for International Settlements warn.

The BIS annual economic report, published today (June 30) warns against complacency at a time when most economies are still embroiled in a “generation-defining” crisis.

“It is probably too early to tell, but future economic historians might consider the Covid-19 pandemic a defining moment of the twenty-first

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