Economics

Central Banks Running Out of Options as Recovery Falters in Asia

  • New wave of cases in Asia undermines previous virus success
  • Space narrowing for monetary policy as virus fight drags on
Motorcyclists in Jakarta, on May 12.Photographer: Dimas Ardian/Bloomberg
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Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand out economic recovery.