Posts Tagged ‘annual report’
BIS warns of low interest rates
In its annual report, the Bank for International Settlements (BIS) has warned that global interest rates need to rise in order to tame inflation. The report also said low interest rates are a threat to world financial stability. In the aftermath of the financial crisis, central banks opted to slash interest rates in an effort [...]
IMF warns Spanish Government to reduce spending
The International Monetary Fund (IMF) has warned the Spanish Government to continue with its efforts of cutting public spending and reducing unemployment. Like many other Governments across the globe, Spain is taking steps to reduce the deficit but the IMF warned the economy still faces “considerable” risks. In an annual report, the Washington-based Fund said: [...]