(Bloomberg) -- Happy Friday, Asia. Here's the latest news and analysis from Bloomberg Economics to take you through to the weekend:
- A common theme that stood out in the prepared Senate confirmation remarks by Fed nominees was their commitment to fight inflation
- Two nominees face a likely tough battle for confirmation after Republicans questioned their commitment to price stability and to keeping the Fed away from climate rules
- The Bank of England increased its key interest rate in a bid to contain the fastest inflation in three decades, with some policy makers unexpectedly seeking a more aggressive response
- Governor Andrew Bailey said he favored moving interest rates gradually instead of delivering an unexpected shock
- Bailey called for workers to hold off on pay demands, saying the nation needs to focus on checking inflation
- The BOE is on the cusp of the fastest tightening of monetary policy since it gained independence in 1997
- The true scale of the U.K.'s cost-of-living crisis is beginning to dawn on millions of Britons
- Reserve Bank of Australia Governor Philip Lowe's dovish message failed to shift markets or economists from their view that interest-rate rises will begin in just a few months' time, a survey showed
- Australian rates traders are pricing for a smooth central-bank exit from easy monetary policy, opening up opportunities for those who think there'll be a few hiccups
- The ECB renewed its pledge to withdraw stimulus only gradually, even after a record inflation reading fed market bets for a hike
- Christine Lagarde is no longer ruling out a hike this year
- ECB officials discussed the possibility to shift their stance toward a tighter monetary policy as soon as March
- Bloomberg Economics has brought forward its forecast for an interest rate increase by six months to December 2022
- Global food prices jumped toward a record last month
- The IMF is focused on getting Argentina to make economic changes that will curb runaway inflation and wants a plan to lift tax revenue
- Chile's outgoing President Sebastian Pinera tapped Rosanna Costa as the nation's first female central bank chief
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