Low rates will trigger civil unrest as central banks lose control, BIS says

Section:

By Szu Ping Chan
The Telegraph, London
Wednesday, March 18, 2015

Low inflation, bond yields, and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned.

The Swiss-based "bank of central banks" said the "sinking trend" of global rates would push countries further into uncharted territory.

It highlighted that $2.4 trillion (L1.6 trillion) of long-term global sovereign debt was now trading at negative yields, with an increasing number of investors willing to pay governments for the privilege of lending to them.

"As bond markets show us day after day, the boundaries of the unthinkable are exceptionally elastic," said Claudio Borio, head of the Monetary and Economic department at the BIS. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/economics/11479425/Low-rates-will-tri...



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