From southseacompany: another warning about rates knocking back growth.
“The world has become so used to cheap credit that higher interest rates could derail the global economic recovery, the Bank for International Settlements has warned.”
“After cutting interest rates to all-time lows and pumping trillions of dollars into markets to boost growth in the aftermath of the global financial crisis, central banks are now preparing to tighten their monetary policies.”
“All this underlines how much asset prices appear to depend on the very low bond yields that have prevailed for so long.”
Read the full article here.