The Bank of International Settlements (BIS) has warned high debt levels across global economies has trapped central banks as they cannot raise rates without "threatening the expansion", while also giving them less room for manoeuvre to tackle the next downturn.
In its Annual Economic Report, the BIS said higher debt levels, as a result of quantitative easing since the Global Financial Crisis and encouraged borrowing at low rates, has made the economy and financial...
Marcus Brookes appointed CIO
Industry Voice: Over the past ten years, investors have operated in an environment characterised by extremely accommodative and unconventional monetary policy.
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Aviva Investors' chief investment officer for equities, David Cumming, discusses how his team have integrated ESG factors into their decision-making process