ContextPresentation of the BIS Annual Economic Report at the Annual General Meeting in Basel; the BIS serves central banks worldwide and faces an uncertain global outlook.
Why it mattersThe BIS annual report warns that renewed inflation surges would damage trust and urges attention to non-bank risks.
Problems raised
The global economy is at a crossroads.
Non-bank finance is growing.
Large inflation surges damage trust.
Solutions proposed
Pay special attention to preventing inflation surges.
