RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
 - EconoTimes)
US ISM non-manufacturing index is scheduled to be released on Wednesday and expectations are for the index to have edged slightly lower to 55.1 from a reading of 55.3 in the previous month.
While the ISM manufacturing index is important for market sentiment, it is also likely to gather Fed attention as it accounts for a larger share of the economy. Apart from ISM non-manufacturing on Wednesday, focus shall also be on the January jobs report due Friday.
"We expect ISM manufacturing has hit the bottom and that the index will rebound slightly in the coming months. However, the index will probably stay weak as the manufacturing sector still suffers from a combination of the very strong USD, the slowdown in manufacturing globally (China) and the lower activity in the US energy sector." notes Danske Bank in a research note to clients.
