BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Great Britain's CPI inflation has been close to zero for most of 2015 but is expected to rise in the beginning of this year as the effects of lower oil prices and the stronger GBP fade away, while medium-term inflation expectations remain around the target of 2 percent.
If the BoE hikes the rates in the second quarter of 2016, then the rate might gradually reach 2.25 percent by end of 2017.
"Our forecast is that the Bank of England will start to hike rates in Q2 2016" - Nordea Bank
The effect of a rate hike on the housing market and foreign flows and/or the risks of Brexit could weaken the GBP by the end of this year. Fed - BoE re-pricing is likely to set pace for the sterling in the forth coming months and the convergence is expected to strengthen the pair.
