UK should raise interest rates says BIS

Author: Jeff Taylor

The Bank for International Settlements, which is the central banks’ central bank, has argued that the UK may have to consider raising interest rates more quickly than planned to prevent another financial crisis. Even in the face of economic fragility.

In its 81st annual report issued yesterday, BIS said that central banks should consider increasing interest rates faster than in the past when tightening their policy in response to the increasing inflationary pressures.

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