BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Despite continued strong jobs gains seen in UK, wage data have softened. And along with downward growth revisions and Brexit uncertainties, we now see plenty of reasons to support BoE's wait and see for longer approach.
BoE is largely expected to stay pat at at Thursday's meeting and is unlikely to signal that a change is imminent. If anything, the minutes of the meeting could veer further into dovish territory. Recent oil price falls along with weakening the inflation outlook, give them plenty of room to wait.
"We recently pushed back our BoE rate hike call to November 2016 from May 2016. To our minds, the only big question is whether the MPC vote 8-1 or 9-0 to keep rates on hold. We look for Ian McCafferty, the sole hawk at present, to drop his vote for a hike at one of the next couple of meetings," Notes BoFA Merrill Lynch in a report to clients.
