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Banking, Economy

“BIS warns world economy at critical juncture in inflation fight”

“LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation… If interest rates get to mid-1990s levels the overall debt service burden for top economies would, all else being equal, be the highest in history, Borio said…”

https://finance.yahoo.com/news/bis-warns-world-economy-critical-090517941.html

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