1. The Bank of England raised its benchmark interest rate by 15 basis points to 0.25 per cent, leaving total asset purchases unchanged at £895 billion. The Bank of England says UK inflation could peak at around 6 per cent in April next year.
2. Us: in November, PPI rose 0.8% month-on-month, the highest since July, with an estimated 0.5%, a previous value of 0.6%, and a year-on-year increase of 9.6%, the fastest growth rate in history, with an estimated 9.2% and a previous value of 8.6%.
3. The Bank of England raised its benchmark interest rate by 15 basis points to 0.25 per cent, leaving total asset purchases unchanged at £895 billion. The Bank of England says UK inflation could peak at around 6 per cent in April next year.
4. The European Centers for Disease Control and Prevention released a report saying that the novel coronavirus O’Micron mutant has spread in the community in Europe. According to the data model, in the first two months of next year, Omicron mutants in Europe will be more infected than Delta strains. The possibility of further spread of the Omicron mutant in Europe is “extremely high”, so it is necessary for European countries to make material and human preparations for the possible high incidence rate.
5. The European Central Bank announced that it would keep the three major interest rates unchanged, namely, the main refinancing rate at 0%, the deposit mechanism rate at-0.5% and the marginal lending rate at 0.25%, in line with market expectations. The Bank of England announced that it would raise its benchmark interest rate to 0.25%, or 15 basis points.
6. From the end of this year to early next year, affected by the COVID-19 epidemic, nearly 5000 tons of milk will be dumped in Japan. Affected by the COVID-19 epidemic, sales of milk and dairy products in Japan remain in the doldrums, especially with the approach of the winter vacation, many schools no longer provide meals to students, resulting in a sharp drop in milk consumption. In order to avoid a large amount of milk being dumped, the Japanese government and the Japanese dairy industry are actively taking measures.
7. The US Treasury has blacklisted eight Chinese companies, including DJI Innovations, the world’s largest commercial drone maker, local time reported on Tuesday. More importantly, the Commerce Department is expected to add some Chinese companies to the entity list on Thursday, including some involved in biotechnology, according to people familiar with the matter.
8. On Wednesday, US Eastern time, the Federal Reserve announced that it would keep its benchmark interest rate unchanged at 0% Mel 0.25%, in line with market expectations. The three major indexes of US stocks bottomed out and closed higher across the board. The Fed’s FOMC December bitmap shows that all committee members expect the Fed to start raising interest rates in 2022, three times in 2022 and three times in 2023, each by 25 basis points. The Fed announced in its resolution that it would reduce its asset purchases by $30 billion a month, compared with a previous reduction of $15 billion a month. There are still risks to the economic outlook, including from new strains.
Post time: Dec-17-2021