RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Speaking at an event with the University students in Norman Oklahoma, Dallas Fed president Robert Kaplan said that the Fed should increase interest rates sooner than later in the near future so that the central bank doesn’t fall behind the curve. These comments, however, doesn’t change our FOMC dashboard since Mr. Kaplan was already been considered as the hawkish member. The latest FOMC board looks like,
Doves – Lael Brainard, William Dudley, and Neel Kashkari.
Hawks – Janet Yellen, Charles Evans, Patrick Harker, Stanley Fischer, and Robert Kaplan
Unknown – Jerome Powell
Pls. note that one of the dovish members, Daniel Tarrullo has resigned and the position is yet to be filled.
However, the wordings surely changed the market outlook on rate increases from the Fed. The Federal funds rate future is currently predicting 31 percent probability of a hike in the March meeting, up from 26 percent a day before and 23 percent two days ago.
