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.

Ms. Bullock, Governor of the Reserve Bank of Australia, stated that a more restrictive monetary policy is required to achieve sustainable inflation control. According to Michelle Bullock, inflation has increased and will not return to the target range of 2 to 3 percent until mid-2027. She cited severe economic capacity constraints and a labor market close to full employment as the reasons for higher interest rates.

The European Central Bank kept interest rates unchanged and maintained a neutral stance. Christine Lagarde, President of the European Central Bank, stated that the ECB does not focus on the exchange rate and does not have a direct target for it. She emphasized that the inflation path is assessed as stable, and forecasts indicate that inflation will gradually move toward the 2 percent target over the medium term. Lagarde also noted that wage indicators suggest easing wage pressures and that inflation conditions are at an appropriate level.

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.