Governments worldwide should supplement monetary policy with “timely and consistent” implementation of Basel III capital requirements and other measures to sustain economic growth, Bank of International Settlements chief Agustin Carstens said.
“It’s time to ignite all policy engines,” he told an industry gathering in Switzerland. “Monetary policy cannot be expected to single-handedly sustain growth as it has over the past decade.”
Basel III should be implemented in 'timely and consistent' way to spur economic growth, BIS chief says
12 September 2019 8:52pm