CONTAGION: Global Fears As Markets Lose Faith In Central Banks

The global economy is heading for a storm as faith in policymakers dwindles, according to a stark warning from one of the world’s most respected financial institutions. The uneasy calm in financial markets last year has given way to turbulence, the Bank for International Settlements,

known as the central bank for the world’s central banks, said in its latest quarterly report. Financial markets are losing faith in the healing power of central banks and their latest policy weapon – negative interest rates – to boost the world’s main economies, the bank said. READ MORE