Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price falls
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Financial markets should be wary of stubborn inflation and a sharper economic slowdown next year than forecasters predict, the Swiss-based adviser to central banks has warned.
The Bank of International Settlements said exuberant stock markets were at risk of ignoring the negative aftershocks from persistent inflation, which could trigger a wave of insolvencies and a steep fall in property prices.
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