Turkey's central bank governor Fatih Karahan said on Friday the bank is "not on autopilot" after two straight interest rate cuts and its decisions are based on data, in comments after the bank raised its year-end inflation forecast to 24% from 21%.

Mexico’s inflation slowed more than expected in January, supporting the central bank’s decision to deliver a half-point cut to its benchmark interest rate and signal additional reductions of the same magnitude.

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.