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BIS Warns Central Banks’ Credibility Under Threat
Central banks’ hard-won credibility and independence is threatened by the growing dependence on easy and abundant money by governments and financial markets, the Bank for International Settlements (BIS) said. The inability of many governments to tackle major challenges, both short-term deficits and the looming costs of unfunded pensions and healthcare systems, may [...]
Central banks’ hard-won credibility and independence is threatened by the growing dependence on easy and abundant money by governments and financial markets, the Bank for International Settlements (BIS) said.
The inability of many governments to tackle major challenges, both short-term deficits and the looming costs of unfunded pensions and healthcare systems, may put central banks under pressure to provide further stimulus, especially if economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards