BASEL, Switzerland (AN) — The Bank for International Settlements issued its annual report on Sunday, warning that governments must reduce trade tensions and rely on more than stimulus from central banks to avoid threats to the global economy.
Despite some apparent progress between the United States and China towards possibly resolving their trade differences, the global bank for central banks said U.S. Federal Reserve and European Central Bank stimulus measures through bond-buying or interest rate cuts are not enough of a balm.
