“BIS warns world economy at critical juncture in inflation fight”
June 26, 2023
“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