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BIS warns world economy at critical juncture in inflation fight
Reuteurs via Yahoo ^ | June 25, 2023 | Marc Jones

Posted on 06/25/2023 2:29:11 AM PDT by RomanSoldier19

The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.

Despite the relentless rise in rates over the last 18 months, inflation in many top economies remains stubbornly high, while the jump in borrowing costs triggered the most serious banking collapses since the financial crisis 15 years ago.

"The global economy is at a critical juncture. Stern challenges must be addressed," Agustin Carstens, BIS general manager, said in the organisation's annual report published on Sunday.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: debt; despair; economy; inflation

1 posted on 06/25/2023 2:29:11 AM PDT by RomanSoldier19
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To: RomanSoldier19
The longer inflation remains elevated, the stronger and prolonged the required policy tightening,
IOW the worse it gets the worse it has to get!
2 posted on 06/25/2023 3:27:15 AM PDT by dblshot
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To: RomanSoldier19

I’m so glad to be debt free.


3 posted on 06/25/2023 3:27:50 AM PDT by EvilCapitalist (Sodomy is nothing to be proud of.)
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To: RomanSoldier19
"BIS warns world economy at critical juncture in inflation fight.

Yaa Yes....the plan is working well.

4 posted on 06/25/2023 4:06:48 AM PDT by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
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To: RomanSoldier19

Of course we all know it has to be global warming.


5 posted on 06/25/2023 4:23:05 AM PDT by George J. Jetso
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To: RomanSoldier19

(called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation)

Oh I like where this will end up:

Stagflation

We’re pretty much there already


6 posted on 06/25/2023 4:52:41 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: EvilCapitalist

Me too.

And with a bumper crop garden wife was able to sock away 180+ jars and have 96% calf crop we are good for several years


7 posted on 06/25/2023 5:09:13 AM PDT by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT)
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To: dblshot
IOW the worse it gets the worse it has to get!

This is fundamental. No way to sugar-coat it. They MUST deflate their currencies, and with the US FED still being forced to monetize the Democrats' wild spending, the deflation has to be done in the private sector, which means MAJOR downturn ahead. Except for welfare and Green Energy boondoggles, of course.

8 posted on 06/25/2023 5:12:57 AM PDT by Chad C. Mulligan
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To: RomanSoldier19

Gosh. I bet a digital currency would fix everything right up!


9 posted on 06/25/2023 5:31:37 AM PDT by ClearCase_guy (It's not a government. It's a criminal enterprise. Fear it, but do not respect it.)
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To: RomanSoldier19

It wouldn’t have anything to do with continued increase in the money supply and overspending...

Just keep raising the debt ceiling. That’ll fix it !

31 trillion US debt alone. That’s pocket change..../s

Each American owes approx $100,000. That means a family of five owes half a million.


10 posted on 06/25/2023 5:50:54 AM PDT by xenia ( “The further a society drifts from truth the more it will hate those who speak it” George Orwell)
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To: RomanSoldier19

More bank collapses. I’m sure glad I just bury my treasure. Aarrrrr! Yohoho./;D


11 posted on 06/25/2023 6:26:30 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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