Tug of War That Markets Fear Is Central Banks Versus Governments

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.In the all-hands-on-deck economics of the pandemic, governments and their central banks shared the same goals. Now they’re starting to pull in different directions. The tug-of war has already claimed one victim. The UK’s attempt to boost its economy with fiscal stimulus backfired, triggering a bond rout. In the short-term, the Bank of England was forced to step in and support markets, w
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China to Dig Into Monetary Policy Toolbox to Stabilize Economy

(Bloomberg) — China’s central bank vowed to take its share of responsibility to stabilize the macroeconomy and pro-actively introduce monetary policies that are conducive to economic stability.Most Read from BloombergCoronavirus Can Persist for Months After Traversing BodyCDC Reduces Isolation Time; Apple Shuts NYC Stores: Virus UpdateFauci Says Domestic Travel Vaccination Rule Should Be ConsideredU.S. Futures Rise as Traders Mull Virus, China Vow: Markets WrapCDC Shortens Covid Isolation Time
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