Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Canada taken to task as BIS ratchets up warnings Add to ...

Subscribers Only

The Bank for International Settlements is stepping up its assault on ultra-easy monetary policies at a time when central banks in Europe and Japan are pressing down on the monetary gas pedal and others remain reluctant to step on the brakes.

More than half a dozen years of unprecedented loose fiscal and monetary policies have resulted in “extraordinarily buoyant” financial markets, with rising asset values and unsustainable debt levels that are out of touch with the reality of a slow, grinding global economic recovery, the BIS says in its annual report.

Report Typo/Error

Follow on Twitter: @bmilnerglobe

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular