Rebuilding policy buffers is key challenge of coming decade – Borio
BIS economist says central banks are not out of options but the trade-offs are increasingly difficult
Rebuilding room for policy manoeuvre will be a key challenge of the decade ahead, and central banks should starting thinking about how to proceed, said the Bank for International Settlements’ Claudio Borio on December 22.
The head of the BIS’s monetary and economic department said central banks should not be withdrawing their support measures in the near future, given the weakness of economies worldwide. But he warned the side-effects of easing measures, such as excessive risk-taking by
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