Bank for International Settlements, calls for more interest rate hikes

[ericc]

LONDON, June 25 (Reuters) - The world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.

https://www.reuters.com/markets/bis-warns-world-economy-critical-juncture-inflation-fight-2023-06-25/

Claudio Borio, the head of BIS's monetary and economics unit, added there was a risk an "inflationary psychology" was now setting in

[hehfest]

There is some concern that THEY want to roll-out their digital currencies and end using cash. In this digital currency, your bank account would be linked to the powers that be. This means they would have total control sort of like the social credit score system. That's why I've been buying silver pieces. There will have to be an alternative economy that forms, or a black market, and those who refuse to enter into their new system will have to form it and use it to survive.