Overseas Headlines – February 10, 2022

February 10, 2022

United States:
U.S. Inflation Charges Higher With Larger-Than-Forecast Gain

“U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates.”

https://www.bloomberg.com/news/articles/2022-02-10/u-s-inflation-charges-higher-with-larger-than-forecast-gain?srnd=premium

 

Europe:

A £3 Billion Loss at the Bank of England Will Soon Be Rishi Sunak’s Problem

“The Bank of England’s quantitative easing program is on course to book a 3 billion-pound ($4.1 billion) loss in the coming weeks as the central bank’s massive bond holdings start their journey from government cash cow to a drain on the public finances.”

https://www.bloomberg.com/news/articles/2022-02-10/the-boe-s-4-billion-loss-that-puts-qe-on-road-to-fiscal-burden?srnd=premium-europe&sref=FmvzgEwg

 

Asia:

Bank of Japan (BOJ) Acts to Put Lid on Bond Yields and Affirm Dovish Stance

“The Bank of Japan finally acted to keep a lid on bond yields and reaffirm its commitment to its stimulus framework after a tense week of upward market pressure. With most bond traders in Tokyo already well on their way home to start a long weekend, the central bank offered to buy an unlimited amount of bonds at a fixed rate, pushing back against weeks of trader speculation about policy normalization. ”

https://www.bloomberg.com/news/articles/2022-02-10/boj-seeks-to-rein-in-yields-with-unlimited-fixed-rate-purchases?srnd=premium-asia&sref=FmvzgEwg

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