The move follows a December hike and concern about rising consumer prices
Holders of the bonds, such as funds that invest in emerging market bonds, could take serious losses
Bond purchases are now set to end in the third quarter
Surging costs for gas, food and housing propelled the increase
The European Union braces for higher energy prices and a drag on consumption and investment
The reading was the largest year-over-year rise since 1982
Many companies mislead consumers with accounting practices
In contrast, the ECB doesn't plan to raise rates until 2023 despite record inflation
GDP of 5.7% was the fastest pace since Ronald Reagan's presidency
Rising consumer prices and likely interest rate hikes are among the top issues at the virtual World Economic Forum