BIS GM cites recent financial volatility as reason to remain vigilant against threats to financial stability
Malcolm Knight, the general manager of the Bank for International Settlements (BIS) discussed the implications of market volatility and uncertainty over asset price movements and inflation risks at the BIS’s annual general meeting on Monday.
While acknowledging the overall calm of the financial markets, Knight said: “In the past few weeks, volatility in financial markets has risen across the globe. A sustained but moderate increase in real long-term interest rates – which are in many ways central to the pricing of assets, both real and financial – seems to have finally occurred. Equity price indexes in some markets have fallen by more than 20% from their peaks earlier in the year. Trading in certain instruments has been heavy, and
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