· Bank of England (BoE) unexpectedly takes a pass on cutting interest rates

Highlights of the week:-

·         Bank of England (BoE) unexpectedly takes a pass on cutting interest rates ·         Expectations are on the rise for some of the world’s biggest central banks to re-double stimulus efforts  ·         Markets raise expectation for both the BoJ to expand monetary policy and MoF for a fiscal stimulus ·         Ringgit is the second best performing Asia-ex Japan currency on the back of bond-related inflows  ·         Local govvies rally across the curve on the back of the yield hunting investment theme in an environment of record low yields of developed countries