Central banks can only buy time, BIS chief tells paper in nod to ECB

Monetary policy can only buy time to deal with structural problems in an economy, and exiting a loose stance too late can be risky, the head of the Bank for International Settlements (BIS) said in a nod to the European Central Bank. Jaime Caruana, head of the BIS – known as “the central banks’ ce…

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Central banks can only buy time, BIS chief tells paper in nod to ECB

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