Tombini warns of false sense of stability in markets
BIS official says participants need to price in significant uncertainty over economic policy
There is a paradox at the heart of today’s financial markets, Alexandre Tombini, the Bank for International Settlements’ chief representative for the Americas, told the Central Banking Autumn Meetings today (November 14).
Tombini told the event in Mexico City that although there are high levels of uncertainty about economic policy and moderate levels of volatility in the financial markets, the latter offers a sense of stability. However, he warned that this stability was likely to prove illusory
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