Global coordination needed to fight COVID-19 and climate crises - BIS
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LONDON (Reuters) - More global coordination is necessary to fight the twin threat of the coronavirus crisis and climate change, a new report from central bank umbrella group, the Bank for International Settlements, said on Thursday.Emergency measures such as dollar currency swap lines and cheap funding have "shown a promising degree of fiscal and monetary policy coordination at both local and global levels" the BIS report said, but more combined action will be needed."An even more encompassing..