Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Central banks riding to the rescue of crashing debt markets must think twice

  • Aside from the moral hazards of such a massive bailout, the risk is that a wall of central bank money meeting slumping growth and output can cause the greater damage of hyperinflation

Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London