WASHINGTON — Markets have become too complacent as risks from the coronavirus pandemic threaten global prosperity, the Bank for International Settlements warned in its annual report.

“The success of central banks in calming markets and shoring up confidence has even helped spark some market exuberance,” the global group, which supports the world’s central banks, said in the Tuesday release.

In a nod toward the recent disconnect between financial markets and the economy, the group said high stock prices and the lower premium on corporate debt suggested a divergence from the reality of economic weakness.

“Underlying financial fragilities remain,” the group said, adding that “this feels more like a truce than a peace settlement.”

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