Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
In January, BoE Governor Mark Carney stated that the central bankers do not expect the oil prices to rise, suggesting that the global economy should benefit out of the current lows. Inflation has drastically fallen and is likely to remain low for a longer period of time as oil prices continue to deteriorate. Further, he reiterated that it was not the right time to hike interest rates.
Despite declining oil prices, a slow wage growth and signs of weakening activity, BoE MPC member Ian McCafferty was firm on his vote for a rate hike in the UK. Markets speculate that McCafferty would withdraw his vote for a hike, however, he seems be to resilient as the CPI is seen dragged over target in the medium term due to risk in domestic cost.
