Inflation Record High: European Risks Rising - FED 81

Inflation Record High: European Risks Rising - FED 81
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In this episode of Bitcoin Magazine’s Fed Watch, we get an update on the European Central Bank (ECB), use a candy to make the Bank of Japan interesting, and we talk about recent troubles with BlockFi and bitcoin lending.
Fed Watch is a podcast for people interested in central bank current events. Bitcoin will consume central banks one day, understanding and documenting how that is happening, that’s where this show lives.
Inflation in Europe
European inflation numbers for January 2022 came out this week, and set another Euro-era record at 5.1%, up from 5.0% in December. This consumer price increase of 5.1% must be in context of the worst energy and supply chain crisis in two generations.
The price of natural gas and electricity have exploded in Europe, which has a trickle down effect on most prices in the economy. These price increases are not a direct side-effect of money printing, they are a direct effect of the pandemic response of nearly shutting down the global economy for two years.
We attempted to play the below 2 minute clip of President Lagarde speaking about inflation, but the audio on the livestream wasn’t set up properly. You can also find the full length press conference here: https://youtu.be/f8MQ_Cn2Uck
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0:00:00 - The ECB press conference
0:09:48 - Credit spreads in Europe
0:12:40 - BOJ news
0:18:34 - The Bitcoin lending market