By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes despite the growing threat of recessions and currency market volatility. The Switzerland-based BIS’ quarterly report acknowledged that both recession and debt risks were rising, but said that bringing soaring global inflation back down remained paramount. “It is important to act in a timely and forceful way,” the head of the BIS’ Monetary and Economic Department, Claudio Borio, said. “Front-loading (of …