This week is one of the most critical of the year: the world’s “Super Central Bank Week” is here.
In September, two central banks have already moved— the Reserve Bank of New Zealand hiked rates by 25bp to 2.75% (for the second consecutive time), and the European Central Bank raised rates by 25bp to 2.50% (as Middle East energy-driven inflation pressures are pushing up prices).
The real highlight comes on September 17–18:
U.S. Federal Reserve: prior to the meeting, the target rate range is 3.50%–3.75%. The probability of a rate hike this time is about 90%, and the suspense is “what they will say after the hike.”
Bank of England: rates at 3.75%. The market expects no change, but as oil prices have broken above 100, the narrative has shifted—there may still be around three more hikes by mid-2027.
Bank of Japan: rates at 1.00%. A rate hike in September is largely consensus; if rates reach 1.25%, it would be the highest level in about 31 years.
In October, three more central banks have meetings on deck, with the likelihood of back-to-back hikes looming.
For the crypto market: the G7 central banks—rarely—have synchronized their turn toward tightening, systematically raising global funding costs. Interest rates are the valuation denominator for risk assets, and every central-bank decision is a fresh repricing window for BTC and altcoins. This week, focus on the language from the Fed press conference—it’s more important than watching the K-line charts.
In September, two central banks have already moved— the Reserve Bank of New Zealand hiked rates by 25bp to 2.75% (for the second consecutive time), and the European Central Bank raised rates by 25bp to 2.50% (as Middle East energy-driven inflation pressures are pushing up prices).
The real highlight comes on September 17–18:
U.S. Federal Reserve: prior to the meeting, the target rate range is 3.50%–3.75%. The probability of a rate hike this time is about 90%, and the suspense is “what they will say after the hike.”
Bank of England: rates at 3.75%. The market expects no change, but as oil prices have broken above 100, the narrative has shifted—there may still be around three more hikes by mid-2027.
Bank of Japan: rates at 1.00%. A rate hike in September is largely consensus; if rates reach 1.25%, it would be the highest level in about 31 years.
In October, three more central banks have meetings on deck, with the likelihood of back-to-back hikes looming.
For the crypto market: the G7 central banks—rarely—have synchronized their turn toward tightening, systematically raising global funding costs. Interest rates are the valuation denominator for risk assets, and every central-bank decision is a fresh repricing window for BTC and altcoins. This week, focus on the language from the Fed press conference—it’s more important than watching the K-line charts.