BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
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.
