BIS warns central banks to bite the bullet on monetary policy normalisation
Global recovery presents an opportunity that must not be missed, BIS report says
The Bank for International Settlements (BIS) has issued a typically hawkish set of recommendations with its latest annual report – urging the world's economies to take advantage of an opportunity provided by the green shoots of recovery to begin tightening monetary policy to discourage over-leveraging.
Monetary and fiscal authorities should not be seeking to "pump up growth at any cost", but rather, especially in those economies where indicators are turning positive, should focus more on balance
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