BIS’s Borio urges return to fiscal-monetary separation

Claudio Borio
Claudio Borio: "Government debt may appear long-term, but in fact it is not"

Central banks and governments should try to engineer an exit from the co-ordinated policies launched to tackle Covid-19, Claudio Borio said today (September 20).

Failing to move back towards separation of fiscal and monetary policies could trigger an “instability trap”, the Bank for International Settlements official said.

Borio, who heads the BIS’s monetary and economic department, told a conference at the Bank of Latvia: “The ultimate, most damaging, hazard would be a kind of ‘instability

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