RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Norges Bank is unlikely to react to additional stimulus ECB. However, as the economic outlook seems to vulnerable to the stimulus, there is a possibility of 25bp rate cut in the next three to six months, says Barclays.
Lower oil price hits the employment growth in the resource sector, and the labor market is quite quite immobile. Therefore, unemployment rate increased sharply.
"Looking ahead, we expect higher oil prices, which, in combination with heavy market pricing for additional Norges easing, makes us cautious in calling for material depreciation on the basis of an already undervalued NOK. On balance, we see EURNOK at 9.10 by Q2 2016 and 9.0 in Q4 2016", estimates Barclays.
