Trump waives Jones Act shipping rules for 60 days to steady oil market

SNB 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

We 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 ...

At its meeting ending on 18 March 2026, the Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 3.75%. Conflict in the Middle East has caused a significant increase in global energy and other commodity prices, which will affect households’ fuel and utility prices and have indirect effects via businesses’ costs. Prior to this, there had been continued disinflation in domestic prices and wages. CPI inflation will be higher in the near term as a result of the new shock to the economy. Monetary policy cannot influence global energy prices but aims to ensure that the economic adjustment to them occurs in a way that achieves the 2% target sustainably. The MPC is alert to the increased risk of domestic inflationary pressures through second-round effects in wage and price-setting, the risk of which will be greater the longer higher energy prices persist. The MPC is also assessing the implications for inflation of the weakening in economic activity that is likely to result from higher energy costs. *BANK OF ENGLAND HOLDS KEY INTEREST RATE AT 3.75% IN 9-0 VOTE *BOE SAYS ALL MEMBERS 'STAND READY TO ACT' TO CONTAIN INFLATION *BOE SEES INFLATION AT OVER 3% IN FEBRUARY, NEAR 3.5% IN MARCH Bank of England votes unanimously to keep rates on hold as Iran war clouds outlook The Bank of England’s Monetary Policy Committee has voted “unanimously” keep its benchmark interest rate on hold at 3.75% on Thursday. Before the war in Iran erupted in late February, the BOE had been expected to cut its key interest rate, known as ‘Bank Rate,’ at its March meeting, but the conflict has sent global energy prices soaring, clouding the outlook for inflation and growth. “Conflict in the Middle East has caused a significant increase in global energy and other commodity prices, which will affect households’ fuel and utility prices and have indirect effects via businesses’ costs,” the BOE said in a statement.

BESSENT: U.S. COULD DO ANOTHER SPR RELEASE TO KEEP PRICE DOWN -FOX BUSINESS NETWORK INTERVIEW Just in | US Treasury Secretary Bessent indicates potential easing of sanctions on Iranian oil currently in transit. US BESSENT: U.S. TREASURY IS NOT INTERVENING IN FUTURES MARKETS || TREASURY IS INTERVENING IN MARKETS BY CREATING EXCESS SUPPLY WITH OIL THAT IS ON THE WATER -FBN INTERVIEW BESSENT: I WOULD EXPECT JAPAN WOULD BE INTERESTED IN SECURING OIL SUPPLIES FROM GULF || TRUMP HAS EXCELLENT RELATIONSHIP WITH JAPANESE LEADER -FBN INTERVIEW BESSENT: I THINK JAPAN IS GOING TO SUPPLY THE MARKET WITH OIL RESERVES -FBN INTERVIEW ...