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Central bankers group issues stark warning on world economy

Discussion in 'Market News' started by Lily, Sep 18, 2016.

  1. Lily

    Lily Forum Member

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    Uncharacteristically blunt warning on high asset prices by the Bank for International Settlements will focus minds

    Financial markets have coped well with the Brexit vote and other potentially disruptive political developments but asset prices may be running too high and the risks to market stability are growing, a report warned on Sunday.

    The Bank for International Settlements (BIS) – the central bank for central bankers - said in its quarterly review that valuations are high, especially given that the foundations they are built on may not be so solid. It did not explicitly say that stock and bond markets are waiting to burst.

    Related: FCA chief cautions over relying on property to fund retirement

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