Top economies are at risk of high-inflation trap, says BIS

• World's central bank, Bank for International Settlement is looking forward to raise interest rates to prevent surge in inflation turning into something even more problematic.
• The BIS is swiss-base
• Energy and food prices increase means in many places inflation is high.But the usual action of increasing interest rates may end up in recession amd may even lead to stagflation.
• Stagflation means prices rises and economic growth goes down.
• BIS thinks, with rates rise without triggering recession is still possible, but it might be a difficult situation.
• Global stocks are down 20 percent and US treasury bond, could be having there biggest losing first half of the year