Overseas Headlines – January 3, 2022

United States:

U.S. Small Retailers Post Best Covid-Era Month for Paying Rent

“About one-quarter of small retailers said they couldn’t make rent in December, the lowest percentage since the Covid-19 crisis started, and a steep drop from 40% in November, according to a monthly poll by Alignable, a business-referral network.”



ECB’s Knot Says Policy Rate Can Start Rising in Early 2023

“The European Central Bank will be ready for an interest rate hike in early 2023 after ending the remaining bond purchases by the end of next year, Governing Council member Klaas Knot said.”



Bank of Korea’s Lee Says Recovery, Prices Set Normalization Pace

“The Bank of Korea will continue to adjust policy in line with the economy’s recovery and keep an eye on the risk that high inflation lasts longer, Governor Lee Ju-yeol said in a speech marking the new year. “




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