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

Anthony Rowley
Anthony Rowley

Updated: 2:05am, 16 Mar, 2020

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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