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Dollar debt outside US rises 5.2% to record $11 trillion: BIS data

Global debt levels have been driven higher over the last decade after top economies slashed interest rates following the financial crisis

Reuters  |  London 

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The amount of from countries and companies outside the has hit a record $11 trillion, new data from the Settlements showed on Thursday.

The figures from the BIS, known as the central bank to the world's central banks, showed the $11 trillion amount had been reached following a 5.2 percent rise year-on-year.

The data, which measured up to the end of September and does not count credit held by banks and other financial firms, also showed a 10.5 per cent rise in to 2.9 trillion euros and a 3.3 per cent rise in yen debt to 43.8 trillion yen.

have been driven higher over the last decade after slashed interest rates following the financial crisis.

First Published: Thu, January 25 2018. 18:13 IST
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