BIS sends government debt warning before important elections
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The Bank for International Settlements (BIS) warned that rising government debt levels ahead of major elections could disrupt global financial markets. Global government debt is already at record levels, and upcoming elections in the US, Mexico, South Africa, France, and Britain carry risks. BIS General Manager Agustin Carstens emphasized the need to cut the rise in public debt and accept that interest rates may not return to pre-pandemic ultra-low levels. While central banks have successfully controlled inflation, Carstens urged them to persevere and not rush rate cuts. Premature easing could reignite inflationary pressures and lead to costly policy reversals.

#Bis #GovernmentDebt #GlobalFinancialMarkets #Elections #InterestRates #Inflation

https://theedgemalaysia.com/node/717366 

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