BIS warns low interest rates could spell 'entrenched instability'

The Bank of International Settlements warned Sunday that persistently low interest rates were symptoms of a malaise in the global economy that could end in entrenched instability. The Basel-based institution, considered the central bank for central banks, hailed that plunging oil prices had boosted the global economy over the past year. "Interest rates have been exceptionally low for an extraordinarily long time," he said, warning that previously "unthinkable" monetary polici