Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Dec 13th, 2023, FOMC statement (7:00 pm GMT)
Dec 14th, 2023, SNB monetary policy (8:30 am GMT)
ECB monetary policy statement (1:15 pm GMT)
BOE Monetary policy (12:00 pm GMT)
FOMC-
The Federal Reserve expected to keep policy rates on hold. The main things to watch out for are US Fed updated economic projections and new dot plots. Markets anticipate a 25 bpbs rate cut by Fed in Mar due to easing US inflation.
Levels to watch- US dollar index
Major resistance- 104.35,105
Major support- 103.25,102.40
ECB -
ECB anticipated to keep rates unchanged and rule out any further rate hikes in the near term. Markets predict an aggressive six-quarter rate cut in 2024and any dovish comments from the ECB chairman will drag EURUSD lower to 1.0660.
Major resistance- 1.0820,1.0900
Major support- 1.0720,1.0660
Swiss National Bank (SNB)-
Swiss National Bank will keep borrowing costs steady at 1.75%. According to UBS Group AG economist, SNB expected to cut rates from June 2023 as inflation slowed drastically in Nov 2023.
Major resistance- 0.8865,0.8900
Major support- 0.8660,0.8600
Bank of England (BOE)
BOE to keep rates unchanged at 5.25% with the vote split to be 6-3. Markets anticipate an 80 bpbs rate cut in 2024 with the first cut in August.
Major resistance- 1.2620,1.2725
Major support- 1.2500,1.2470
