Soaring government debt could roil global financial markets, warns BIS director

Global government debt at record levels poses risks to financial stability amidst upcoming elections worldwide, warns BIS director Agustin Carstens.

BIS emphasizes the need for governments to curtail the rise in public debt as interest rates may not return to pre-pandemic lows, citing potentially unsettling factors like aging populations and protectionism.

Read at www.theguardian.com