BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
As expected, the Reserve Bank of New Zealand (RBNZ) lowered interest rates by 50 bpbs to 4.75%. The RBNZ said that it is appropriate to cut the rate by 50 bpbs to achieve and maintain low and stable inflation. The inflation is maintained with its target range 1-3% and converging on the 2 percent midpoint.
Business investment and consumer spending have been weak, and employment conditions continue to soften
Global economic growth remains below its long-run trend and is expected to remain so for the year ahead. Economic growth in the United States and China is expected to slow.
Members agreed that increasing excess capacity leads to lower inflationary pressure in the New Zealand economy. Economic growth is partly weak because of low productivity growth, but mostly due to weak consumer spending and business investment.
Major resistance- 0.6205
Near-term resistance - 0.6150
Minor support- 0.6050,0.6000
Trend reversal level- 0.6620
