Agustín Carstens (head of the Bank for International Settlements):
- Essential for fiscal authorities to curb relentless rise in public debt
- With days of ultra-low rates over, fiscal authorities have narrow window to put their house in order before public trust in their commitments starts to fray
- Central banks should not be expected to stabilise inflation at very short time horizons and within narrow ranges
Carstens speaking here:
This article was written by Eamonn Sheridan at www.forexlive.com.