The Bank of International Settlements, an international finance watchdog that serves as a counter-party for national central banks, has again warned that investors are unprepared for a potential financial crash. Jaime Caruana, head of the BIS, told The Telegraph that he believed the world economy is as vulnerable to crisis now as it was in 2007, because nobody in stocks seems prepared for the idea that at some point soon central banks will begin raising interest rates again.

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BING NEWS:
  • At 12, China-central and eastern Europe group faces growing pains
    Next week, China will mark the 12th anniversary of a group for central and eastern European countries it established to grow its influence in the EU. But when it does, there will be no high-level ...
    04/16/2024 - 11:14 am | View Link
  • China’s Central Bank Holds Key Policy Rates, Drains Liquidity From Banking Sector
    China’s central bank kept key policy rates steady and drained liquidity from the banking sector as economic data shows fresh signs of weakness. The People’s Bank of China on Monday held the ...
    04/14/2024 - 6:59 pm | View Link
  • The World Bank in Europe and Central Asia
    The World Bank works with countries across Europe and Central Asia to eliminate poverty and promote shared prosperity by boosting human capital, enabling markets, supporting a green transition, and ...
    04/2/2024 - 3:11 pm | View Link
  • Xi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatus
    It appears to be just a matter of time before China’s central bank pulls out a controversial monetary policy tool that it has not used in more than two decades, following newly publicised ...
    04/1/2024 - 2:15 pm | View Link
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