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Interest rates must rise worldwide, says BIS

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Mon, 27 Jun 11 1:52 PM | 49 view(s)
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26 June 2011 Updated at 22:17 ET

Interest rates must rise worldwide, says BIS

A surge in lending due to low cost of borrowing in emerging economies has resulted in higher prices

Global Economy

Crucial week in store for Greece

US retail sales slip back in May

China inflation at 34-month high

Indian inflation rate exceeds 9%

The Bank for International Settlements (BIS) has warned that low interest rates across the globe are a threat to world financial stability.

link-
http://www.bbc.co.uk/news/business-13922857




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