Analysis: Seven central banks to announce interest rate decisions next week, potentially triggering volatility in the bitcoin market
PANews, March 11 — According to CoinDesk, next week will be a crucial test for risk assets such as bitcoin, as seven major central banks, including the Federal Reserve, will announce their interest rate decisions. Meanwhile, war-driven surges in oil prices have sparked new concerns about global inflation. Traders are reassessing expectations for rate cuts, as rising energy costs may keep inflation elevated, increasing the risk that policymakers will take a more hawkish stance.
The economic calendar includes: Reserve Bank of Australia on March 17, Bank of Canada and Federal Reserve on March 18, Bank of Japan, Swiss National Bank, and European Central Bank on March 19. Previously, markets generally expected major central banks to steadily cut rates, but the rise in oil prices caused by Middle East conflicts has disrupted these expectations. If central banks send hawkish signals, it could trigger volatility and downward pressure on risk assets such as bitcoin. Analysts point out that the Federal Reserve's initial response to oil price shocks is usually to observe and assess, hoping to determine whether growth or inflation is the bigger issue, and most such shocks are temporary. Historically, only the Federal Reserve and Bank of Japan have had a substantial impact on bitcoin prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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