Saturday, July 12, 2014

Central bank group sees policy change challenge

June 23. 2013 12:37PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) A body that represents many of the world's top central banks says policymakers should be mindful of the risks of maintaining ultra-loose monetary policies too long.

The Bank for International Settlements, a Switzerland-based organization, said in its annual report Sunday that changing course will raise "significant challenges."

It says central banks will have to strike a balance between the risks of switching policy prematurely and those associated with delay.

While the former are well understood, the BIS says it's important "not to be complacent" about the latter just because they have yet to materialize. Rising inflation is often identified a key risk of keeping policy loose for too long.

Last week, the U.S. Federal Reserve said it could start reining in its bond-buying program this year. England

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds