The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said. “Treading the path (of policy normalization) will call for a great deal of skill, judgment and, yes, also a measure of good fortune,” said Claudio Borio, the head of the BIS’ monetary and economic department. “But policymakers need not fear volatility as such. Along the normalization path, some volatility can be their friend.”

– source BIS

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