Heavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’

Quick Summary:

While the need to fix public finances has been a recurring theme for the BIS, the remarks coincide with heightened scrutiny on indebted economies.

Policymakers already did their fair share to contribute to that problem, the BIS suggested, repeating its accusation that “with the benefit of hindsight,” pandemic-era stimulus probably raised the risks of second-round effects.

Given these pressure points, officials highlighted that central banks should be cautious about cutting rates too soon.

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Article Details

Author / Journalist: Bastian Benrath, Bloomberg

Category: EconomyBusiness

Markets: United StatesFranceItalyJapanSpain

Topics: Central banks Budget Deficit Markets Bonds Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 15:44:19 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 14 words

Reading Time: 1 minutes read

Sentences: 22 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 21427495

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Official Website: fortune.com

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