RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Not many economic data and events scheduled for today, but some with high volatility risks associated.
Data released so far:
- China: 2.9 trillion yuan loans were created in January. M2 money supply rose by 8.6 percent y/y in January.
Upcoming:
- Japan: Machine tools orders report will be released at 6:00 GMT.
- France: Fourth quarter non-farm payrolls report will be released at 7:45 GMT.
- Switzerland: Producer and import price inflation reports will be released at 8:15 GMT.
- United Kingdom: UK inflation reports including RPI, PPI, CPI, and HPI will be released at 9:30 GMT.
- United States: NFIB business optimism report will be released at 11:00 GMT. FOMC member Mester is set to speak at 13:00 GMT.
- Australia: Westpac consumer confidence report will be released at 23:30 GMT.
- Japan: Q4 GDP report will be released at 23:50 GMT.
- Auction: The U.S. will auction 1-month bills at 16:30 GMT.
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