GLOBAL & REGIONAL DAILY (Friday, February 4, 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 4 2022
Global Markets
Amid record-high inflation, the ECB took a more hawkish than expected turn yesterday, opening the door to a 2022 rate hike, while the BoE delivered a 25bps rate hike.
Greece
According to Eurostat, the unemployment rate for Greece was at 12.7% in December 2021, – the lowest reading since June 2010 – from 13.3% in November 2021 and 15.6% in December 2020.
CESEE
In Turkey, headline inflation accelerated to a 20-year high of 48.7%YoY (11.1% MoM) in January, up from 36.1%YoY in December, beating to the upside the market consensus.
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