(Stagflation) - '..BoE hikes again.' - '..markets should not expect detailed guidance on policy action.'

'..the British central bank warned inflation will soon top 7%.'

'LONDON, Feb 3 (Reuters) - Major central banks are clearly moving into inflation-fighting mode, with the Bank of England on Thursday hiking interest rates for the second time in as many months.

..

The BoE raised rates to 0.5% on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the British central bank warned inflation will soon top 7%.'

- Exit from central bank stimulus gathers pace as BoE hikes again, February 3, 2022



'Its new chief economist, Huw Pill, later said markets should not expect detailed guidance on policy action.'

- '..could see price pressures become entrenched.' - Bank of England on track for second rate rise in under two months



Context

(Stagflation) - Dutch inflation climbed to 7.6 percent in January

(Stagflation) - '..picked up to 5.1% .. [Price] Inflation is now more than twice the ECB's 2% target.'

'U.S. inflation is currently 6.8%, the highest rate in the developed world .. Almost universally, rates have been kept lower than the Taylor Rule had suggested..'


(Stagflation) - In surprise move, Singapore tightens monetary policy on inflation risks

'QE was specifically meant to lift stock prices..' - Bernanke - '..financial markets are hooked on the Fed’s drug infusions.'