The BIS anticipated that signalling an exit may cause market disruptions and warned that the risk from delaying to avoid such disruptions was likely to rise over time.

Sunday, June 23, 2013 


BIS tells central banks not to fear markets when withdrawing crisis cash

* Exit more challenging the longer expansive policy stays

* Size and scope of exit will be unprecedented

* Central banks need to factor in global policy spillovers

FRANKFURT, Central banks should not allow fears of disrupting markets to delay the timely withdrawal of cheap money they pumped out