The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global...
FILE PHOTO: BIS General Manager Agustin Carstens leaves after G-20 finance ministers and central bank s governors family photo during the IMF/World Bank spring meeting in WashingtonLONDON - The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial markets.
"They can surprise you with not much notice," Carstens said, pointing to the turbulence in Britain's markets following then Prime Minister Liz Truss' budget plans which put some pension funds at risk of collapse. "You really want to avoid that." "They must cut short the rise in public debt and accept that interest rates may not return to the pre-pandemic ultra low levels," he said. "We need a solid foundation to build upon".The positive, however, is that central banks are successfully reining in inflation that had hit decades-long highs after the COVID-19 pandemic and then Russia's 2022 invasion of Ukraine, which riled commodity markets.
Russia wants to confront NATO but dares not fight it on the battlefield – so it’s waging a hybrid war instead
BIS Interest Rates Bank For International Settlements Central Bank Government Public Debt
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BIS opens central-bank innovation hub in TorontoIt’s the seventh ‘innovation hub’ launched by the BIS, a Swiss-based organization often referred to as the central bank for central banks
Read more »
US bank regulators find flaws in four big-bank living willsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
National Bank deal to acquire Canadian Western Bank may face political hurdles: analystNational Bank of Canada’s deal to buy Canadian Western Bank (CWB) for about $5 billion in an all-stock deal is a win for the acquiring company, according to Veritas analyst Nigel D’Souza.
Read more »
Canadian Western Bank shares soar after announcing deal with National BankThe deal was announced after the close of trading on Tuesday.
Read more »
Canadian Western Bank shares soar after National Bank tie-up announcedCWB shares were up 70% to $42.35 in midafternoon on the Toronto Stock Exchange after National Bank announced the all-share deal that it said values CWB at $52.24 a share
Read more »
National Bank of Canada agrees to buy Canadian Western BankShares of Canadian Western Bank (CWB.TO) are soaring after the National Bank of Canada agreed to buy it for about $5 billion CAD. Yahoo Finance's Julie Hyman...
Read more »