The admonition from the Bank for International Settlements comes as the Fed and the ECB are signalling that more stimulus could be on the way. Those other policies include government spending where possible on growth-friendly infrastructure as well as pro-growth reforms such as slashing red tape for business. Rising wages and less unemployment are offsetting a slowdown in manufacturing and global trade. Still, it said significant risks remain, notably related to trade tensions between the U.S. and China. U.S. President Donald Trump is seeking to reduce China’s trade surplus and has imposed new tariffs, or import taxes, while negotiating for a trade deal.

Source: thestar June 30, 2019 11:26 UTC