(Bloomberg) -- Central banks will need to continue
raising interest rates to quell inflation as the ``golden age''
of global economic expansion continues, the Bank for
International Settlements said.
``Inflationary pressures might turn out to be more
significant than anticipated,'' BIS General Manager Malcolm
Knight told a press conference in Basel, Switzerland, yesterday.
``Authorities should continue gradually to normalize the level of
policy interest rates'' as the global economy extends what ``may
well go down in history as a `golden age.'''
Read more at Bloomberg Bonds News
raising interest rates to quell inflation as the ``golden age''
of global economic expansion continues, the Bank for
International Settlements said.
``Inflationary pressures might turn out to be more
significant than anticipated,'' BIS General Manager Malcolm
Knight told a press conference in Basel, Switzerland, yesterday.
``Authorities should continue gradually to normalize the level of
policy interest rates'' as the global economy extends what ``may
well go down in history as a `golden age.'''
Read more at Bloomberg Bonds News
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