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Central Bankers Pivot From Rescue to Recovery After Record Recession

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UBS' Cloherty: The Fed's Bond Purchases Are Peanuts

Central banks are shifting from saving their economies from recession to ensuring they recover.

Having raced to the rescue as the coronavirus triggered the steepest global slump on record, many monetary policy makers are now standing by to do more if needed while signaling they will at the very least likely keep interest rates on hold and stimulus programs in place for years to come.