Interest rates: Monetary policy is always political as central banks opt to back the financial sector 
Why central banks are too powerful and have created our inflation crisis 
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come 
RBA's latest forecasts are grim. Here are 5 reasons why 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI declined to 51 in December.
Upcoming:
- Germany: November retail sales report will be released at 7:00 GMT, along with factory orders report.
- Switzerland: November Forex reserve data will be reported at 8:00 GMT.
- Eurozone: Sentix investor confidence report for the month of January will be released at 9:30 GMT. November retail sales report will be published at 10:00 GMT.
- United States: ISM non-manufacturing PMI report will be released at 15:00 GMT, along with November factory orders report. FOMC member Bostic is set for a speech at 17:40 GMT.
- Canada: IVEY PMI report will be released at 15:00 GMT.
- Auction: the U.S. will auction 3-month and 6-month bills at 16:30 GMT.
