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Money markets rattled as inflation fears overtake Covid concerns


Money markets rattled as inflation fears overtake Covid concerns
Markets also fear market chaos of a taper tantrum reaction to any steps by central banks to trim back easy money
17 March 2021 • 6:00am
Inflation has replaced Covid as the top worry for international investors for the first time since February 2020, as the vaccine rollout raises hopes the worst of the pandemic has passed.
Financiers are instead increasingly concerned about inflation, with fears that the post-lockdown recovery could overheat in a dangerous boom.
Inflation was cited as the top worry by 37pc in a BofA Global Research survey of 225 investment professionals managing $645bn (£463.5bn) in assets. ....

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