Major central banks should not raise rates to discourage EM risks: BoE

LONDON: Calls for central banks in advanced economies to raise interest rates to discourage investors building up leverage in emerging market assets could be misguided, a deputy governor of the Bank of England said on Saturday.

Speaking at a panel at the International Monetary Fund conference in Lima, she said it was preferable to use macroprudential tools rather than monetary policy when targeting global financial risks.