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Bitcoin (BTC) Tumbles Under $70K Following Hawkish Fed Stance on Interest Rates
Bitcoin (BTC) experienced a significant downturn this week, dropping beneath the $70,000 threshold following the Federal Reserve’s announcement to maintain current interest rates while indicating a more gradual approach to future rate reductions than market participants anticipated. The Federal Reserve maintained its policy rate within the 3.5%–3.75% corridor. However, the primary source of concern for market participants stemmed from Chairman Jerome Powell’s messaging during the post-meeting briefing. Powell highlighted escalating crude oil costs as an emerging inflationary threat. “The oil shock for sure ... (full story)
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From snb.ch|Mar 19, 2026|1 commentThe Swiss National Bank is leaving the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold still stands at 0.25 percentage points. Given the conflict in the Middle East, the SNB's willingness to intervene in the foreign exchange market has increased. The SNB thereby counters a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability in Switzerland. The conditional inflation forecast for the coming quarters is higher than in December due to the rise in energy prices. Medium-term inflationary pressure, however, has remained virtually unchanged since the last monetary policy assessment. The monetary policy helps to keep inflation within the range consistent with price stability and supports economic development. The SNB will continue to monitor the situation closely and adjust its monetary policy if necessary, in order to ensure price stability over the medium term. As expected, inflation has risen slightly since the last monetary policy assessment, from 0.0% in November to 0.1% in February. This increase was driven in particular by higher goods inflation. With the rise in energy p SNB: HAS ELEVATED READINESS TO INTERVENE IN CURRENCY MARKETS IF NEEDED
From @C_Barraud|Mar 19, 2026#China | #PBOC HOLDS MEETING ON XI’S REMARKS AND TWO SESSIONS - BBG *PBOC REITERATES TO USE RRR, MLF TO ENSURE LIQUIDITY SUFFICIENT *PBOC: CONTINUE TO IMPLEMENT MODERATELY LOOSE MONETARY POLICY *PBOC TO STRENGTHEN FINANCIAL SERVICES FOR KEY AREAS *PBOC VOWS TO MAINTAIN STABLE…
From @FirstSquawk|Mar 19, 2026|6 commentsBOJ UEDA: RATE HIKE IS POSSIBLE IF PRICE TREND IS INTACT
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From snb.ch|Mar 19, 2026We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The ...
From @LiveSquawk|Mar 19, 2026|5 commentsSNB Chairman Schlegel: Sees Increased Likelihood For Negative Rates Just in | SNB Chairman Schlegel announces heightened readiness to intervene in forex markets to curb swift appreciation of the Swiss Franc. SNB's Chairman Schlegel: Our mandate is clear, it is price stability - to achieve this, we have forex interventions and interest rate, and are ready to use both tools
From wtvbam.com|Mar 19, 2026The Bank of England on Thursday looks set to delay an interest rate cut that seemed a sure bet before the war in the Middle East, and it will probably sound vague about its next ...
