Our Scans · (FS.1.02) Central Banking · Weekly Summary

• [New] Given the high risk of recession in the Eurozone, the ECB may cut its deposit rate below 2.0% and resume quantitative easing. LiteFinance
• [New] The European Central Bank will publish its decision on the main refinancing operations and the deposit facility rates, which currently stand at 2.15% and 2.0%, respectively. LiteFinance
• [New] Although US inflation is expected to remain above target, Federal Reserve (Fed) rates are expected to be cut by up to 1% by the end of 2026, while the European Central Bank has scope for another cut in interest rates. Global English
• [New] On the monetary side the Federal Reserve has already cut interest rates by 1.75% points since their peak and is expected to cut further in 2026. / USA Evelyn Partners
• [New] In terms of monetary policy, the IMF expects interest rates to continue declining in the United States, remain broadly stable in the euro zone, and rise gradually in Japan. MercoPress
• [New] Weak Signals: The European Central Bank and Bank of Japan emphasize that CBDCs will complement cash, not replace it, focusing on privacy and offline usability. Cash Essentials
• [New] Banxico is expected to maintain its policy rate at 7% later this week, following the recent decisions of the US Federal Reserve and the Bank of Canada. Moneycorp
• [New] We see the Bank of England lowering rates by another 50 bps this year as inflation continues to head lower, while we expect the ECB to remain on hold through 2026. Bank of Ireland Corporate
• [New] The Federal Reserve is expected to keep the policy rate unchanged, with Fed funds pricing hinting at two quarter-point cuts by the end of 2026, not an aggressive easing cycle. investing.com
• [New] The rise of AI and the digitalization of finance threaten to complicate how central banks identify and manage financial stability risks, warns a senior executive at the Bank for International Settlements. FinExtra
• [New] A renewed inflationary upswing would make it harder for the Federal Reserve to cut rates rapidly, disappointing risk asset bulls who have come to expect rapid rate cuts in the wake of last year's disinflationary trend. CoinDesk
• [New] The President's preference will be to appoint a new Fed Chair who tilts towards the dovish end of the spectrum, which would continue to tilt the balance of the FOMC towards a more moderate enactment of interest rate and monetary policy. / USA Rhame & Gorrell Wealth Management | The Woodlands Finan
• [New] Trump's attacks on the US Federal Reserve chair, Jerome Powell, are putting central bank independence at risk and could backfire and ultimately push up interest rates and inflation. The Guardian
• [New] Fears of eroding central bank independence in the United States could impact the outlook in Canada, given the U.S. Federal Reserve's global role in maintaining financial and price stability. Lethbridge News Now
• [New] Bank of Canada expected to hold interest rate next week. Metroland Media
• [New] Fed independence risks: Intensified concerns over central bank autonomy could cause further disruptions and uncertainty over future monetary policy direction. investing.com
• [New] Cutting ANZ Research expects the US Federal Reserve to continue cutting interest rates in 2026 by a total of 50 basis points. ANZ Institutional Insights
• [New] Slowing inflation might allow the Bank of England to make deeper interest rate cuts than futures markets are currently pricing. Morningstar, Inc.
• [New] The benchmark Selic interest rate, currently at 15% annually, will drop to 12.25% by the end of 2026 and further down to 10.5% by 2027. "Inform"
• [New] In 2026, bolstered by interest rate reductions, falling inflation and a healthy private sector balance sheet, UK growth could benefit from a boost in the wake of the Eurozone's recovery, which is further supported by ongoing efforts to strengthen ties with the EU. economic-research.bnpparibas.com

Last updated: 05 February 2026