Bank of Korea to cut rate on May 29, more easing ahead: Reuters poll

BIS urges governments to curb 'relentless' rise in debt

TOKYO (Reuters) -Governments across the globe must curb their "relentless" rise in public debt as higher interest rates make fiscal paths for some countries unsustainable, Agustin Carstens, General Manager of the Bank for International Settlements said on Tuesday. Large deficits and high debt appeared sustainable when interest rates were kept low after the global financial crisis, allowing fiscal authorities to avoid making hard choices such as cutting spending or raising tax, he said.

Reuters

•

39 minutes ago