Macklem, Governor of the Bank of Canada, responded to a question about the BOC’s economic forecasts by saying that they cannot follow every threat made by President Trump, otherwise they would just go around in circles. Macklem also warned that rebuilding the economy and increasing productivity could take years. Structural changes required for the transition to a new economy may be painful, and Canada must accept these changes to avoid the worst-case scenario. He also noted that artificial intelligence has the potential to deliver economic growth without inflation, but so far there is little evidence of its impact on productivity.

The Bank of England kept interest rates unchanged with a dovish stance. The decision to hold rates was made by a margin of just one vote, with 4 members voting in favor of a rate cut. This was in contrast to market expectations that only two members would vote for a cut and was interpreted as dovish. Mr. Bailey also stated in his speech that signs indicate inflation is approaching the target and economic shocks are easing, and if the economy evolves in line with expectations, conditions for an interest rate cut will be in place. As a result, the British pound weakened.

Bitcoin has taken a downward trend after reaching a historic record in October 2025, losing more than 50% of its value. In the past 24 hours, approximately $2.1 billion in long (bullish) positions were liquidated. Additionally, a heavy outflow of capital from Bitcoin ETFs was reported at $434 million in one day. The announcement of a $12.4 billion loss by MicroStrategy (led by Michael Saylor) in the fourth quarter, due to the decline in the value of its Bitcoin holdings, has also had a negative psychological impact on the market.

The Dow Jones Industrial Average crossed the 50,000 point threshold for the first time and closed on Friday at 50,115 points. This 2.5 percent increase was mainly driven by optimism about the U.S. economy, lower interest rates, and the strong performance of companies such as Goldman Sachs and Caterpillar. Some analysts predict that if economic expansion continues, the index could reach 70,000 points by the end of the decade.