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By Norma Cohen, Economics Correspondent
Published: June 28 2010 12:01 | Last updated: June 28 2010 12:01
The Bank for International Settlements warned on Monday that central banks might need to raise interest rates even before their respective economies are clearly in recovery.
The so-called "central banks' central bank" issued the warning because of fears that rates held low for a long time can have dangerous unintended consequences, including distorted investment decisions and market participants taking on bigger risks in their pursuit of higher yields.
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