The rich world’s central banks are on a new terrain3 min read 17 Apr 2022, 11:04 PM IST
The central banks of the rich world now want to take out the money pumped into the financial system
They will gradually sell the bonds they accumulated on their balance sheets over the years
Over the years, the rich world’s central banks have become one-trick ponies. They print and flood the financial system with money to drive down interest rates at the slightest sign of trouble in the economy. The hope is that at lower interest rates, people will borrow more and spend, businesses will borrow more and expand, and in the process, economic growth will be restored.
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