The numbers verge on the incomprehensible. Since the pandemic began, central banks have injected $32tn in to markets around the world, equivalent to buying $800m of financial assets every hour of the past 20 months, according to Bank of America. Global equity market capitalisation has soared by $60tn.
But inflation has risen, and, eager to rein in prices, the US Federal Reserve last week announced its asset purchases will come to an end in March, with three interest rate rises likely next year.
Against this backdrop, these are the big questions banks and investors are asking for 2022.
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