IMF's Gopinath says support Bank of Japan moving gradually

• Says services inflation remains under 2%

IMF estimates Japan's neutral interest rate to be in the range of 1-2%.

• Bank of Japan advice from the International Monetary Fund (IMF)

Bank of England Chief Economist Huw Pill is speaking on Friday 7 February 2025

• Speaking on the Bank of England rate cut on Thursday

PBOC sets USD/ CNY reference rate for today at 7.1699 (vs. estimate at 7.2780)

• PBOC CNY reference rate setting for the trading session ahead.

UBS expect the Fed to resume rate cuts later in 2025

• Say policy is restrictive

Crypto climbs out of the pit

PBOC is expected to set the USD/CNY reference rate at 7.2780 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Recapping Dallas Fed’s Logan - Rate path in 2025 depends on economic conditions

• Dallas Federal Reserve President Lorie Logan

Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)

• More encouragement for the Bank of Japan on its rate hiking path ahead

Mini crypto rally in a bear market

• Despite the rebound, Bitcoin is still below the level it started the week.

More from Fed's Logan - estimates of neutral rate vary widely, but most have moved up

• Federal Reserve Bank of Dallas President Lorie Logan

TD Securities on RBA rate cuts, inflation remains key driver

• The RBA statement is due on February 18

Fed's Logan: Says 2025 choice is to resume cutting soon, or to hold 'for quite some time'

• Federal Reserve Bank of Dallas President Lorie Logan

Crude Oil prices likely to remain under increased pressure in current circumstances

• The overall picture remains bearishly aligned, based on fundamentals.

BOC Gov Macklem says Trump's tariff threats weighing on business, household confidence

• Bank of Canada Governor Macklem

Fed's Goolsbee: First effects of tariffs may be less imporant than impacts on expectations

• Comments from the Chicago Fed President

ECB's Vujcic: Best thing to do is wait-and-see given high level of uncertainty

• Central banks have plenty of flexibility

Crypto market cap halving?

• The crypto market capitalisation has gone sharply down.

What's priced in for the Bank of England after today's rate cut

• The market sees another cut in May

BOE governor Bailey: We are currently not in a position to judge US policies

• Bailey says time needs to given to the US administration to form the policies it wants to form

BOE governor Bailey: Each member votes as what they think is best

• Bailey is asked about Mann's surprise vote today

Bitcoin tests the strength of support

• Bitcoin failed to develop a rebound last week, facing an intensified sell-off near $17K.

BOE governor Bailey: I don't use the word "stagflation"

• Bailey says "stagflation" doesn't have a precise meaning

BOE governor Bailey: There was a bit of a debate about the world "careful"

• Q&A session time

BOE governor Bailey: We expect to be able to cut the bank rate further

• Bailey comments in his press conference