The Bank of England expectedly raised the discount rate to 4.5%.

Central bank officials ruled out the possibility of a recession and raised their February forecast for economic growth by mid-2026 to 2.25%. If there are signs of more sustained high inflation, monetary tightening will continue.

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Inflation in Germany stabilised at 7.2% y/y

The ECB still has a long way to go to reach 2% inflation. ECB board member Schnabel said that core inflation is still very high. The rate will be raised until there are consistent signs of a fall in i

US inflation fell just above expectations to 4.9% y/y

US inflation fell just above expectations to 4.9% y/y. This supports expectations of a halt to the Fed's rate hike. True, core inflation only fell to 5.5% from 5.6%.

The Bank of England expectedly raised the discount rate to 4.5%.

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