Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
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.
