BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
The National Bank of Poland (NBP) is expected not to change its fairly conservative policy course in the near term as inflation is slowly returning to zero at last.
The country’s consumer prices are anticipated to reach positive territory by early next year. Also, swift real as well, as nominal wage growth are likely to delay any further monetary easing.
Poland’s zloty, which witnessed the largest losses through the day in the run up to Republican candidate Donald Trump’s victory in the 2016 United States Presidential election, recovered its fall following the speech delivered by the newly elected 45th President of the States.
Meanwhile, Czech consumer inflation came out higher than expected at 0.8 percent y/y and 0.3 percent m/m. In month-on-month terms, price increase was driven by seasonally higher prices of clothes and footwear and higher oil prices. The latter also contributed to the acceleration of year-on-year inflation.
