Low rates fuelling global financial, debt, growth instability: BIS

Global interest rates are too low and pose a rapidly growing risk to financial stability and economic growth, the Bank for International Settlements said on Sunday. In its strongest warning yet that policy normalization should come sooner rather than later, the central bankers' central bank said economic growth across the world is uneven, debt burdens in many areas are high and rising, and the explosion of credit growth shows financial imbalances are building up again. The Switzerland-based BIS