David McNamara: Central banks push back against rate cuts

While it was widely expected monetary policy would remain on pause, central bank watchers were parsing the press conferences for subtle signs central banks would move soon

The European Central Bank in Frankfurt: The ECB was one of three central banks to push back against rate cuts. 

Following January's decision of the European Central Bank last week, the US Federal Reserve and Bank of England announced their decisions on interest rates, with both opting to hold for now. 

While it was widely expected monetary policy would remain on pause, central bank watchers were parsing the press conferences for subtle signs both central banks would move soon.