Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Norges Bank is unlikely to react to additional stimulus ECB. However, as the economic outlook seems to vulnerable to the stimulus, there is a possibility of 25bp rate cut in the next three to six months, says Barclays.
Lower oil price hits the employment growth in the resource sector, and the labor market is quite quite immobile. Therefore, unemployment rate increased sharply.
"Looking ahead, we expect higher oil prices, which, in combination with heavy market pricing for additional Norges easing, makes us cautious in calling for material depreciation on the basis of an already undervalued NOK. On balance, we see EURNOK at 9.10 by Q2 2016 and 9.0 in Q4 2016", estimates Barclays.
