Inflation, inflation, inflation. Itll pass says ECB, again.
b'Friday 29th October 2021Three year bond yields rose well above the RBA\\u2019s target of 0.1 percent yesterday, but the central bank didn\\u2019t buy any up as part of its yield control. That pushed yields even higher. So will they react today? NAB\\u2019s David de Garis doesn\\u2019t think the bank will ditch yield control, but it\\u2019ll make next week\\u2019s policy meeting that much more interesting. Christine Lagarde said there was a lot of soul searching at yesterday\\u2019s ECB meeting, where the discussion was all about "inflation, inflation, inflation". In the end they reaffirmed that inflation was a transitory issue and there was no need for the bank to react. Yet Germany and Spain reported the highest inflation rates in decades. Are they doing the right thing? Meanwhile, equites are existing in a different world, rising still higher on the back of strong earnings results. And Facebook is changing its name. Listen in for more details.
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