Global risk binge gives central bankers cause to shudder

Policymakers from European Central Bank (ECB) and the Federal Reserve are among those raising cautionary flags at potentially unsafe investing stoked by their efforts to flood economies with ultra-cheap money.

FRANKFURT: Global central banks are approaching the end of the year with a collective shudder at the risky behaviour that their low interest-rate policies are encouraging.

Policymakers from European Central Bank (ECB) and the Federal Reserve are among those raising cautionary flags at potentially unsafe investing stoked by their efforts to flood economies with ultra-cheap money.