BIS urge Central Banks to raise rates to fight inflation biting into economic growth

Snapshot Summary
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. Central Banks urge to raise Interest Rates.
. To avoid derailment of economic growth by inflation
. BIS aim is economic growth.
. Mortgage payment is a domestic issue.
. Basically to reduce any more new liquidity into the market.

http://www.toboc.com/tradenews/Interest-Rates-Must-Raise-Says-Bank-For-International-Settlements/1718.aspx