Indebted countries are vulnerable to a precipitous loss of confidence even though that risk is barely acknowledged in bond markets, the Bank for International Settlements warned.
The Basel officials didn’t specify any country in particular, but they did feature a chart looking at the debt and market pricing of some of the world’s biggest borrowers, including Japan, Italy, the US, France, Spain and the UK. Inflation is subsiding however, BIS officials acknowledge. The world is currently set for a “smooth landing,” General Manager Agustin Carstens said. ADVERTISEMENT: CONTINUE READING BELOW Services still pose a risk to that outlook, with prices in that area out of step with pre-pandemic trends, the report said. In addition, increases in the cost of commodities due to geopolitical tensions could reignite inflation.
Source: News Formal (newsformal.com)
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