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MarketsEconomicsStagflation Threat Needs Central Bank Action, BIS WarnsBIS Warns Central Banks to Act on Stagflation ThreatByAlessandra Migliaccio+FollowJune 26, 2022, 9:00 AM UTCSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The world economy risks entering a new era of high inflation which central banks need to keep in check, the Bank for International Settlements said.