Why central banks love printing money9 min read 01 Mar 2021, 10:39 PM IST
Nervous markets are pushing up bond yields. Here’s why central banks won’t burst multiple asset bubbles
The world has a Hotel California problem, and it can’t seem to get out of it. Since late 2008, central banks have cut interest rates, and printed and pumped a huge amount of money into the global financial system, in order to keep interest rates low in the hope of driving economic growth. At the same time governments have borrowed more and upped their expenditure to pump prime economic growth.
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