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HomeNewsOpinionThe BIS’s warning about risk to financial institutions from higher interest rates was ignored 

The BIS’s warning about risk to financial institutions from higher interest rates was ignored 

A report by the Committee on the Global Financial System in 2018 said that a sharp rise in interest rates after a prolonged period of very low rates would destabilise banks, insurance companies and private pension funds 

March 27, 2023 / 12:50 IST
Inflation rates have gone up by much more than 200 basis points. That has led to a higher rise in short-term rates. (Representative image)
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