Markets losing faith in central banks - Investors unconvinced monetary policy can tame inflation

To be fair, high energy prices, linked in part to Russia’s invasion of Ukraine, have been a significant factor in inflation’s rise. 

 If central banks don’t deserve the blame for the recent inflation jump, maybe they don’t deserve the credit for the past three decades of subdued price rises.

Entry of China into the global economy...  Perhaps central banks weren’t really brilliant economic managers — perhaps they were just lucky.

Philip Coggan FT 9 July 2022

https://www.ft.com/content/bf31d005-10b3-481f-bd37-50402897cc21

Government bond yields, after declining for 40 years, might be trending upwards again

Philip Coggan FT 5 January 2022

https://englundmacro.blogspot.com/2022/02/government-bond-yields-after-declining.html