BISness Media briefing on the BIS Quarterly Review, December 2024
Dec 13, 2024
Claudio Borio and Hyun Song Shin delve into the urgent global fiscal concerns surrounding rising public debt. They explore the implications of tariffs on inflation and how these factors shape monetary policy. Key insights address the broader impact on financial markets and the overall economic landscape, revealing the intricate connections between fiscal strategies and market dynamics.
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Fiscal Outlook Concerns
- Global fiscal outlook is concerning, reflected in markets.
- There are signs of market participants' discomfort with the growing public debt supply.
Tariff Impact on Inflation and Monetary Policy
- Tariffs will likely lead to higher inflation, regardless of who bears the cost.
- This will trigger monetary policy responses, impacting financial conditions.