Cryptocurrency
Gold rose above $2,200 per ounce for the first time after the Fed maintained its forecast of three interest rate cuts this year.
Fed kept the policy rate unchanged at 5.25-5.50 percent at its March meeting. The interest rate decision was taken unanimously. The expectation was that interest rates would not change. The Fed has not changed interest rates since July.
The Energy Information Administration (EIA) announced that US crude oil stocks fell unexpectedly last week as exports increased and refineries continued to increase their activities, while gasoline stocks decreased more than expected.
European Central Bank President Christine Lagarde said she could not promise further reductions in borrowing costs after the bank’s possible first move in June.
According to Reuters, Bank of Japan (BOJ) Governor Kazuo Ueda told the country’s parliament that the BOJ will continue to support the economy by “maintaining favorable monetary conditions for the time being.”
South Korean stock markets led the rise in Asia after the Fed maintained its interest rate forecast; Nikkei hits all-time high.
Turkish Ministry of Treasury and Finance announced data on Treasury receivables as of February 29.
With the decision published in the Official Gazette of Turkey, an amendment was made to the Regulation on Partial Payment in the Private Pension System.
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