Bloomberg Traders are betting the Bank of England will look through risks from the omicron strain to hike its key interest rate above 1% next year for the first time since 2009. Money markets are now pricing 100 basis points of policy tightening from the UK central bank in Dec. 2022, according to sterling overnight index swaps. That would ...

  Bloomberg The Hungarian central bank raised effective interest rates for the sixth time in as many weeks to stem accelerating inflation. A day after Prime Minister Viktor Orban announced a freeze on mortgage rates — which will act as a break on monetary tightening from the central bank — policy makers raised the one-week deposit rate by 20 basis ...

  Bloomberg A Chinese proverb goes, “If you have guanxi (relations) with very important people, all your troubles will go away, but if you don’t have any guanxi with any VIP, your troubles will continue to haunt you.” Carmakers seem to be embracing the proverb as they continue to confront and struggle with the persistent chip shortage that’s expected to ...