South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
The Bank of England (BoE) is expected to join the Federal Reserve and the European Central Bank (ECB) is keeping the monetary policy on hold throughout this year, according to a recent report from Rabobank.
Against the backdrop of intense political uncertainty regarding the UK’s withdrawal from the European Union, the Bank of England is trapped in a holding pattern.
MPC member Michael Saunders has indicated earlier in the year that he would like to see more clarity about Brexit before voting for a raise in rates, but the 6-month extension to Article 50 might be a little too much to ask.
In that case, the single dissent could also be interpreted as a signal that the MPC doesn’t permit Brexit to handicap its policy making. But even as the immediate risk of a no-deal Brexit has receded, we remain unconvinced.
