The Bank for International Settlements (BIS) has issued a warning about the economic and financial risks stemming from U.S. President Donald Trump's trade policies and deregulation efforts. BIS head Agustín Carstens highlighted concerns over trade tensions, fiscal policy, regulation, immigration, and broader geopolitical uncertainties.
He noted that exchange rate depreciation could drive inflation higher, urging central banks to remain focused on price stability. Loose fiscal policies and rising debt levels could further fuel inflation and put financial stability at risk, he cautioned.
The BIS, a key forum for central banks and host of the Basel Committee for Banking Supervision, is particularly concerned about Trump's policies undermining global financial regulations, raising fears of a regulatory race to the bottom, especially in Europe.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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