Economics
Central Banks Face Jumpy Bond Market With 10 Days of Decisions
- Major central banks meet this month to decide on policy
- March marks anniversary of unprecedented monetary support
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Central banks helped save the world economy from depression as the pandemic struck. Now they are dealing with the hard part: managing the recovery amid a difference of opinion with investors.
Optimism that Covid-19 vaccines and continued government stimulus offer an escape from the worst health crisis in a century has sent bond yields soaring and pushed bets on rising inflation in the U.S. to the highest in a decade.