BIS warns on house price rises, run-up in government debt amid ultra-low interest rates – ABC News

https://www.abc.net.au/news/2021-06-30/bis-annual-report-house-prices-economy-interest-rates/100253260

  • The Bank for International Settlements is optimistic the global economy has weathered the worst of the COVID storm
  • The BIS warns that a global surge in house prices may lead to lower economic growth in the medium term
  • It also warns governments not to count on continued low interest rates to stay on top of their growing debts