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‘Debt-fuelled growth substitute for reforms’, says bank

This content was published on Jun 28, 2015 The umbrella organisation for central banks made the warning comments in its 85th annual report, released on Sunday. BIS stressed that “the fall of sovereign bond yields into negative territory” was not only “unprecedented”, but had gone beyond what was previously deemed possible. According to the bank, expansion on a global scale has been unequal,…