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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 

The amount of dollar-denominated debt from countries and companies outside the United States has hit a record $11 trillion, new data from the Bank for International 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 euro-denominated debt to 2.9 trillion euros and a 3.3 ...

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