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Top bis.org News

World Economy Faces ‘Pivotal Moment’, Central Bank Body BIS Says

World Economy Faces ‘Pivotal Moment’, Central Bank Body BIS Says

64% Right coverage: 14 sources

By Marc Jones LONDON (Reuters) -Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, central bank umbrella body the Bank for International Settlements, said in its latest assessment of the state of the world economy. Outgoing head of the BIS, often dubbed the central bankers’ central bank, Agustín Carstens, said the U.S.-driven trade war and other policy shifts were fraying the long-established …See the Story

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