The Bank for International Settlements urges central banks to raise interest rates

The central bank should go ahead with higher interest rates while acknowledging that financial markets will see some upheaval on the track, the Bank for International Settlements (BIS) said on Sunday.
In a recent report, the bank said global growth may soon return to its long-term average after a significant improvement in sentiment over the previous year.
Good communication from central banks will be important, but more importantly, banks need to be strong enough to cope with any disruption, the bank said.
The Bank for International Settlements (BIS) identified four major risks to the global medium-term outlook, a sudden jump.