MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
The Bank of England (BoE) is expected to join the Federal Reserve and the European Central Bank (ECB) is keeping the monetary policy on hold throughout this year, according to a recent report from Rabobank.
Against the backdrop of intense political uncertainty regarding the UK’s withdrawal from the European Union, the Bank of England is trapped in a holding pattern.
MPC member Michael Saunders has indicated earlier in the year that he would like to see more clarity about Brexit before voting for a raise in rates, but the 6-month extension to Article 50 might be a little too much to ask.
In that case, the single dissent could also be interpreted as a signal that the MPC doesn’t permit Brexit to handicap its policy making. But even as the immediate risk of a no-deal Brexit has receded, we remain unconvinced.
