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DTSTART;TZID=America/New_York:20260910T074500
DTEND;TZID=America/New_York:20260910T084500
DTSTAMP:20260825T104618Z
CREATED:20260605T060000Z
LAST-MODIFIED:20260825T104618Z
UID:1226-1789026300-1789029900@www.financecalendar.com
SUMMARY:ECB Rate Decision September 2026
DESCRIPTION:Next ECB Rate Decision: Thursday\, September 10\, 2026 at 1:45 pm CET (7:45 am ET\, 12:45 pm London). \n\nConsensus\nNot yet published\nActual\nPending\n\nFull schedule and background: ECB Rate Decision. \nUpdated August 25\, 2026 \n\n← Previous ECB Rate DecisionNext ECB Rate Decision →\nThe European Central Bank (ECB) Governing Council will announce its monetary policy decision on Thursday\, September 10\, 2026\, at 13:45 CET. The decision will be followed by ECB President Christine Lagarde’s press conference at 14:30 CET. The ECB’s deposit facility rate currently stands at 2.00%\, with market pricing as of early June 2026 indicating a near-certain hike to 2.25% at the June 11 meeting\, driven by inflation pressures from elevated energy costs following geopolitical tensions in the Middle East. The September meeting will take stock of the full summer data flow\, including eurozone CPI\, Q2 GDP\, and labour market statistics\, to determine whether further tightening\, a pause\, or eventual easing is warranted. \nThe European Central Bank and Its Mandate\nThe European Central Bank (the ECB) is the monetary authority for the 20 member states of the euro area. Its primary mandate\, as established by the Treaty on the Functioning of the European Union\, is to maintain price stability\, defined as headline HICP (Harmonised Index of Consumer Prices) inflation close to but below 2% over the medium term. Unlike the US Federal Reserve\, the ECB has a single primary mandate of price stability\, though it supports the European Union’s broader economic objectives\, including growth and employment\, provided these do not conflict with price stability. \nThe Governing Council\, which makes monetary policy decisions\, consists of the six members of the ECB’s Executive Board and the governors of the national central banks of all 20 euro area member states. Decisions are made by consensus or\, when needed\, by simple majority. The ECB’s key interest rates are the deposit facility rate (the rate banks earn on overnight deposits with the ECB)\, the main refinancing operations rate\, and the marginal lending facility rate. The deposit facility rate\, currently at 2.00%\, is the ECB’s most operationally relevant benchmark for market pricing. \nECB September Meeting: September 10\, 2026\nThe September 10 Governing Council meeting arrives after a pivotal summer for the eurozone economy. The ECB had been cutting rates through late 2024 and into 2025\, bringing the deposit facility rate down from 4.00% to 2.00%. However\, the energy price shock of 2026\, driven by Middle East geopolitical tensions\, forced a reassessment: ECB inflation projections for 2026 were revised to 2.6% (from earlier estimates of around 2.0%)\, and market pricing in early June showed near-unanimous expectation of a hike to 2.25% at the June 11 meeting. \nFor September\, the outcome will depend on whether the June hike signalled the start of a new tightening cycle or a one-off adjustment to address an energy-price spike. ECB staff projections published in June and September will inform the committee on whether inflation is expected to return to the 2% target by 2027-2028 and whether second-round effects\, such as wage growth and services inflation\, have materialised. The decision will be announced at 13:45 CET\, with President Lagarde’s press conference at 14:30 CET. \nWhat to Expect\nWhether the ECB holds\, cuts\, or hikes further in September depends on the inflation trajectory between the June and September meetings. If the June 11 hike to 2.25% represented a temporary adjustment and the subsequent data shows inflation returning towards 2%\, the September meeting could see the ECB pause or even signal a return to easing. If\, however\, energy prices remain elevated and second-round effects push core inflation higher\, the ECB may hike again to 2.50%. \nThe ECB’s broader economic context differs from the US: the eurozone is more exposed to energy price shocks given its dependence on imported energy\, and its growth outlook is more fragile. The stagflation risk\, where inflation forces tightening even as growth slows\, was explicitly cited in ECB communications around the April 30\, 2026 hold decision. The ECB Rate Decision June 2026 will be the most critical reference point for the September decision. \nRate Decision History\n\n\n\nDate\nDecision\nDeposit Rate\nNotes\n\n\n\n\nMar 2026\nHold\n2.00%\nInflation 2.6% forecast 2026\n\n\nApr 2026\nHold\n2.00%\nStagflation risk cited\n\n\nJun 2026\nTBD (Jun 11)\nTBD (mkt: 2.25%)\n98% hike probability\n\n\nJul 2026\nTBD (Jul 23)\nTBD\nPost-June decision\n\n\nSep 2026\nTBD (Sep 10)\nTBD\nThis meeting\n\n\n\nSources: European Central Bank; CNBC; Central Banking. Deposit rate shown is the ECB deposit facility rate. “TBD” indicates decisions pending at time of writing (June 2026). Market pricing from early June 2026. \nMarket Impact Scenarios\n\nHold (after assumed June hike) – A pause at whatever level the deposit rate stands post-June would signal the ECB is taking stock of data. Euro could weaken modestly if markets interpret the pause as the end of the tightening cycle. European equities might rally\, particularly sectors sensitive to borrowing costs.\nFurther hike (+25bp) – A September hike would signal the ECB has become structurally more hawkish. The euro would strengthen\, European government bond yields would rise\, and rate-sensitive sectors would sell off. This scenario would require sustained evidence of second-round inflation effects.\nRate cut – A cut would represent a dramatic reversal and is only likely if inflation has collapsed and growth has deteriorated sharply. Such an outcome would strongly support European equities and government bonds\, and the euro would weaken as the rate differential with the US narrows.\n\nPress Conference and Forward Guidance\nECB President Christine Lagarde’s press conference at 14:30 CET will elaborate on the Governing Council’s reasoning. Markets will listen for language on whether the ECB’s baseline inflation projections show convergence to 2% within the forecast horizon\, and whether the risks to the outlook are “balanced” or “tilted to the upside”. Any indication that the ECB’s Staff Projections have revised inflation above 2% for a sustained period would argue for a more hawkish stance. \nThe ECB\, unlike the Fed\, publishes its staff macroeconomic projections at quarterly meetings: March\, June\, September\, and December. The September projections will cover the eurozone inflation\, GDP\, and unemployment outlook through 2028\, and any material revision from June’s numbers will dominate the post-decision press coverage and market reaction. \nRelated Events\n\nECB Rate Decision June 2026 – The June 11 decision is the most critical preceding reference point for September’s policy stance.\nFOMC Rate Decision June 2026 – The US Fed’s June decision and dot plot set the global rate context against which ECB decisions are assessed by international investors.\nBank of England MPC Rate Decision June 2026 – The BoE’s June 18 decision provides context on UK monetary policy\, which influences ECB thinking on cross-border economic conditions.\n\nFrequently Asked Questions\nWhat is the ECB’s deposit facility rate and how does it differ from the main refinancing rate?\nThe deposit facility rate is the interest rate banks receive for depositing excess liquidity with the ECB overnight. Since 2022\, it has been the most operationally relevant ECB benchmark\, as banks hold large excess reserves. The main refinancing operations (MRO) rate is the rate at which banks can borrow from the ECB for one week. The ECB has kept a consistent spread between these rates as part of its operational framework review. \nWhen will the ECB September 2026 decision be announced?\nThe ECB Governing Council will publish its monetary policy decision at 13:45 CET on Thursday\, September 10\, 2026. President Lagarde’s press conference will begin at 14:30 CET. The ECB will also publish updated Staff Macroeconomic Projections for the eurozone at this meeting. \nHow does ECB policy affect UK and US markets?\nECB decisions affect the euro’s exchange rate against sterling and the dollar\, directly influencing the earnings of European-exposed UK and US multinationals. Changes to eurozone interest rates also ripple through European bond markets\, affecting the investment decisions of global bond investors who hold both euro area and US Treasury positions. A hawkish ECB tightening cycle tends to support the euro and can create competing demand for European government bonds versus US Treasuries.
URL:https://www.financecalendar.com/event/ecb-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260916T140000
DTEND;TZID=America/New_York:20260916T150000
DTSTAMP:20260825T104558Z
CREATED:20260605T060000Z
LAST-MODIFIED:20260825T104558Z
UID:1224-1789567200-1789570800@www.financecalendar.com
SUMMARY:FOMC Rate Decision September 2026
DESCRIPTION:Next FOMC Rate Decision: Wednesday\, September 16\, 2026 at 2:00 pm ET (7:00 pm London). \n\nConsensus\nNot yet published\nActual\nPending\n\nFull schedule and background: FOMC Rate Decision. \nUpdated August 25\, 2026 \n\n← Previous FOMC Rate DecisionNext FOMC Rate Decision →\nThe Federal Open Market Committee (FOMC) will announce its interest rate decision on Wednesday\, September 16\, 2026\, at 2:00 p.m. EDT\, following a two-day meeting on September 15-16. This is a Summary of Economic Projections (SEP) meeting\, meaning the FOMC will simultaneously release updated quarterly economic forecasts and the “dot plot” of individual member rate expectations. The September meeting is historically one of the most anticipated of the year\, as it falls midway through the third quarter and provides the first full picture of how the Fed has revised its outlook for growth\, inflation\, and the rate path heading into year-end. The federal funds rate currently stands at 3.50% to 3.75%\, held through multiple meetings in 2026 as the FOMC navigates elevated inflation and a resilient labour market. \nThe Federal Reserve and the FOMC\nThe Federal Open Market Committee is the monetary policy-setting body of the Federal Reserve (the Fed). It meets eight times per year\, with four of those meetings producing a Summary of Economic Projections (SEP) and dot plot: March\, June\, September\, and December. The September meeting is a pivotal one in the annual calendar. It comes after the summer data flow\, covering Q2 GDP and July-August inflation and employment readings\, and it sets up the final two meetings of the year (October and December). It is at September meetings that the Fed has historically made some of its most significant policy pivots\, as the committee can draw on a full half-year of data to assess whether the pace of disinflation or growth slowdown warrants action. \nThe FOMC’s dual mandate is maximum employment and price stability. The Fed targets headline PCE inflation at 2% over the longer run\, and the September SEP will include updated projections for PCE and core PCE inflation\, real GDP growth\, unemployment\, and the federal funds rate path. These projections are the closest thing the Fed publishes to a formal policy commitment\, though they are not binding and can be revised at subsequent meetings. \nFOMC September Meeting: September 15-16\, 2026\nThe September 2026 meeting is one of the most consequential of the year. By September\, the committee will have data through August 2026 for all major indicators: CPI\, PCE\, NFP\, retail sales\, and GDP (including the Q2 2026 advance estimate due in late July). This rich data set will allow the FOMC to make an informed decision about whether the inflation trajectory and economic growth have evolved sufficiently to justify either a rate cut or a continued hold. \nThe March 2026 SEP\, the most recent available at the time of writing\, indicated just one rate cut expected in all of 2026. If the June and September SEPs maintain or shift this projection\, markets will adjust their rate expectations accordingly. A September SEP that shows two cuts now expected in 2026 (implying one at either September or a later meeting) would be interpreted as a dovish shift\, likely boosting equities and Treasuries. A SEP with zero expected cuts in 2026 would be hawkish and push yields higher. The decision will be announced at 2:00 p.m. EDT\, with Fed Chair Powell’s press conference beginning at 2:30 p.m. EDT. \nWhat to Expect\nWhether the FOMC cuts\, holds\, or hikes at September 2026 depends on a data flow that has not yet occurred. The key variables are the trajectory of core PCE inflation\, the strength of the labour market\, and GDP growth in Q2 2026. If core PCE has moderated towards 2.2-2.3% by September\, and NFP has shown a clear cooling trend\, the September meeting becomes a live candidate for the first rate cut since December 2025. If core PCE remains above 2.5% and the labour market stays tight\, another hold is the base case. \nGeopolitical factors\, particularly the Middle East energy price shock of 2026\, will have had time to either recede or intensify by September. The Fed’s ability to look through temporary energy-driven inflation (while cutting on the basis of contained core inflation) depends on inflation expectations remaining anchored\, which the FOMC monitors through breakeven inflation rates and consumer/business surveys. The FOMC Rate Decision June 2026 on June 17 and the July 28-29 meeting will both set important precedents for how September is interpreted. \nRate Decision History\n\n\n\nDate\nDecision\nRate (Target Range)\nVote\n\n\n\n\nSep 2025\n-25bp\n4.00%-4.25%\nn/v\n\n\nNov 2025\n-25bp\n3.75%-4.00%\nn/v\n\n\nDec 2025\n-25bp\n3.50%-3.75%\n9-3\n\n\nJan 2026\nHold\n3.50%-3.75%\nn/v\n\n\nMar 2026\nHold\n3.50%-3.75%\nn/v\n\n\nApr 2026\nHold\n3.50%-3.75%\n8-4\n\n\nJun 2026\nTBD (Jun 16-17\, SEP)\nTBD\nTBD\n\n\nJul 2026\nTBD (Jul 28-29)\nTBD\nTBD\n\n\n\nSources: Federal Reserve Board; CNBC; J.P. Morgan. “n/v” = vote not yet verified. All rates are the federal funds target range. SEP = Summary of Economic Projections meeting. \nMarket Impact Scenarios\n\nHold with dovish dot plot – A hold at 3.50%-3.75% accompanied by a dot plot shifting to show two cuts in 2026 (implying a December cut) would be interpreted as a near-cut signal. Treasury yields would fall\, equities would rally\, and the dollar would soften. This is the scenario that would most encourage risk-taking ahead of Q4 2026.\nCut (25bp) – A cut to 3.25%-3.50% would confirm the start of a new easing cycle. The market reaction would be strongly positive for equities and bonds\, particularly if accompanied by a dot plot showing further cuts in 2027. The September 2026 cut would be the most anticipated easing step since the 2025 cycle began.\nHold with hawkish dot plot – A hold accompanied by a dot plot showing zero cuts in 2026 (or even no cuts until 2027) would push yields sharply higher\, pressure equities\, and strengthen the dollar\, indicating the Fed sees inflation as an ongoing constraint on easing.\n\nPress Conference and Forward Guidance\nThe September press conference at 2:30 p.m. EDT is one of the most closely watched of the year\, given the simultaneous release of the updated SEP and dot plot. Powell’s characterisation of the inflation trajectory and the committee’s confidence in inflation returning to 2% will set the tone for market expectations through year-end. Language around the “balance of risks” and the committee’s “readiness to adjust” will be parsed for any signal about October or December action. \nThe September 2026 SEP will also update projections through 2028\, providing the most comprehensive picture of where the FOMC expects the federal funds rate to settle in the longer run. Any revision to the “longer-run neutral rate” estimate\, currently around 3%\, would be a significant market event in itself\, as it defines the endpoint of any rate-cutting cycle. \nRelated Events\n\nFOMC Rate Decision June 2026 – The June SEP meeting is the preceding comparable SEP decision and the most recent dot plot ahead of September.\nUS Employment Situation (Non-Farm Payrolls) June 2026 – Labour market data from June through August feeds into the Fed’s employment assessment at the September meeting.\nUS CPI Report June 2026 – CPI and PCE data through August are the critical inflation inputs for the September rate decision.\n\nFrequently Asked Questions\nWhy is the September FOMC meeting particularly important?\nSeptember is a SEP meeting\, meaning it produces updated economic forecasts and a dot plot alongside the rate decision. It falls at a natural midpoint in the second half of the year\, when the Fed has sufficient data on Q2 economic performance to assess whether the full-year policy trajectory needs adjustment. Historically\, September meetings have been associated with significant policy pivots\, including the start of both easing and tightening cycles. \nWhen will the FOMC September 2026 decision be announced?\nThe FOMC will publish its policy statement at 2:00 p.m. EDT on Wednesday\, September 16\, 2026. The Summary of Economic Projections and dot plot will be released simultaneously. Fed Chair Powell’s press conference begins at 2:30 p.m. EDT. \nWhat is the FOMC dot plot and why is it released at September meetings?\nThe dot plot is a chart showing each FOMC member’s expectation for the appropriate federal funds rate at year-end for the current year and the next two years\, plus the longer run. It is released at the four SEP meetings each year (March\, June\, September\, December). Markets use the median dot to gauge the committee’s collective rate path\, though individual projections can vary widely and the plot can change significantly between meetings.
URL:https://www.financecalendar.com/event/fomc-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260917T070000
DTEND;TZID=America/New_York:20260917T080000
DTSTAMP:20260825T104548Z
CREATED:20260605T060000Z
LAST-MODIFIED:20260825T104548Z
UID:1234-1789628400-1789632000@www.financecalendar.com
SUMMARY:Bank of England MPC Rate Decision September 2026
DESCRIPTION:Next Bank of England MPC Rate Decision: Thursday\, September 17\, 2026 at 12:00 pm GMT (7:00 am ET\, 12:00 pm London). \n\nConsensus\nNot yet published\nActual\nPending\n\nFull schedule and background: Bank of England MPC Rate Decision. \nUpdated August 25\, 2026 \n\n← Previous Bank of England MPC Rate DecisionNext Bank of England MPC Rate Decision →\nThe Bank of England’s Monetary Policy Committee (MPC) will announce its interest rate decision on Thursday\, September 17\, 2026\, at 12:00 GMT. The decision will be accompanied by the simultaneous release of the monetary policy summary and detailed voting minutes. The Bank Rate currently stands at 3.75%\, held through multiple consecutive meetings in 2026 following three quarter-point cuts in 2025. The September meeting arrives after the BoE’s August Monetary Policy Report (MPR)\, which will have published updated staff forecasts for UK inflation\, GDP\, and unemployment\, providing the full data context for the September decision. Market forecasters broadly expect 1-2 rate cuts in 2026\, potentially placing September as a live candidate if UK inflation has shown meaningful progress towards the 2% target. \nThe Bank of England and the MPC\nThe Bank of England (the BoE) is the United Kingdom’s central bank and monetary authority. Its Monetary Policy Committee operates under a mandate to maintain price stability\, defined as CPI inflation at 2%\, as set by the UK government through the annual remit letter to the Governor. The MPC has nine members: the Governor\, three Deputy Governors\, the Chief Economist\, and four external members\, each with an equal vote and each casting that vote publicly. This transparency sets the BoE apart from most major central banks and allows markets to track shifting sentiment within the committee between meetings. \nThe MPC meets eight times per year\, with four meetings producing a Monetary Policy Report (MPR) containing updated staff economic projections: February\, May\, August\, and November. September is not an MPR meeting\, meaning the September 17 decision will not be accompanied by new staff forecasts. However\, the immediately preceding August MPR will have laid out the MPC’s most recent economic outlook and rate path guidance\, which will define the context for September. The September 17 decision follows a July 30 meeting and precedes November 5 (MPR meeting). \nMPC September Meeting: September 17\, 2026\nThe September 17 meeting takes place after three months of UK data released since the June 18 decision\, including the August MPR update. By September\, the MPC will have reviewed data for July and August inflation (UK CPI and RPI)\, Q2 2026 GDP\, July and August labour market reports\, and the full summer data set. The August MPR will have provided the committee’s most recent projections\, making September an assessment of whether the August outlook needs correction or confirmation. \nThe MPC’s internal divisions have been notable in 2026. February’s 5-4 hold (four members preferring a cut) contrasted sharply with April’s 8-1 hold (one member preferring a hike). This range reflects genuine disagreement about whether the current Bank Rate of 3.75% is appropriately calibrated given UK inflation\, which has been elevated by energy costs from the Middle East conflict. Wage growth\, which has been running above 4% year-on-year in the UK in early 2026\, is a particular concern for those worried about domestically generated services inflation. The Bank of England MPC Rate Decision June 2026 on June 18 is the most recent available reference point. \nWhat to Expect\nWhether September 2026 delivers a rate cut depends primarily on the trajectory of UK CPI and wage growth through the summer. If August CPI has returned towards 2.5% or below\, and wage growth has moderated below 4%\, the MPC will face a strong case for resuming the easing cycle with a 25bp cut to 3.50%. The four members who voted to cut in February will likely maintain or strengthen that view if inflation is trending lower; the consensus-holder members from March and April would need convincing data to cross over. \nThe global context also matters. If the US Federal Reserve has cut at its September 15-16 meeting (which falls two days before the BoE’s September 17 decision)\, the dollar-sterling dynamic could influence the BoE’s assessment of imported inflation risks. A weaker dollar following a Fed cut would reduce the sterling downside risk from a BoE cut\, making September more viable. The BoE explicitly monitors global central bank actions as part of its assessment of financial conditions. \nRate Decision History\n\n\n\nDate\nDecision\nBank Rate\nVote\n\n\n\n\nMay 2025 (MPR)\n-25bp\n4.25%\nn/v\n\n\nAug 2025 (MPR)\n-25bp\n4.00%\nn/v\n\n\nDec 2025\n-25bp\n3.75%\nn/v\n\n\nFeb 2026 (MPR)\nHold\n3.75%\n5-4 (4 cut)\n\n\nMar 2026\nHold\n3.75%\n9-0\n\n\nApr 2026\nHold\n3.75%\n8-1 (1 hike)\n\n\nJun 2026\nTBD (Jun 18)\nTBD\nTBD\n\n\nSep 2026\nTBD (Sep 17)\nTBD\nTBD\n\n\n\nSources: Bank of England; Cambridge Currencies. “n/v” = vote not yet verified. Three 25bp cuts in 2025 from 4.50% to 3.75%. MPR = Monetary Policy Report meeting (with forecasts). Feb 2026 vote: 5 hold\, 4 cut. Apr 2026 vote: 8 hold\, 1 hike. \nMarket Impact Scenarios\n\nCut (25bp) – A cut to 3.50% at September\, if not already priced\, would weaken sterling modestly\, boost UK government bonds (gilts)\, and support rate-sensitive equities (housebuilders\, REITs). This outcome would reflect growing confidence within the MPC that UK inflation is on a sustainable path back to 2%\, and would likely be accompanied by a majority vote of at least 6-3.\nHold – A hold at 3.75% for a fourth consecutive 2026 meeting would signal that the MPC remains cautious about inflation risks\, particularly services inflation and wage growth. Sterling might strengthen modestly. Gilt yields would hold or edge higher. The market would then focus on November as the next realistic cut opportunity given its MPR format.\nHike – A hike following one member’s dissent in April would represent a majority shift and would only occur if UK CPI had spiked significantly above 3% by September. Such an outcome would strongly support sterling and UK gilt yields while pressuring equities\, particularly consumer and property sectors.\n\nPress Conference and Forward Guidance\nThe Bank of England does not hold a traditional post-decision press conference for non-MPR meetings like September. The decision is communicated through the monetary policy summary and the MPC minutes\, released simultaneously at 12:00 GMT. Governor Andrew Bailey may give speeches or media appearances in the following days\, but the minutes themselves serve as the primary forward guidance document. \nThe vote breakdown will be the most important signal for markets. A move towards a majority favouring cuts (e.g.\, 5-4 in favour of cutting) would strongly signal a November cut\, even if September produces a hold. Conversely\, if the hike dissent from April has spread to two members\, the market would reprice to remove cut expectations entirely and test sterling higher. \nRelated Events\n\nBank of England MPC Rate Decision June 2026 – The June 18 decision is the most recent available reference point for current BoE policy stance.\nFOMC Rate Decision June 2026 – The US Fed’s June 16-17 decision and the September 15-16 FOMC meeting (immediately preceding BoE September) set the global rate context.\nECB Rate Decision June 2026 – The ECB’s trajectory influences UK-EU trade conditions and the broader European monetary policy environment that the BoE monitors.\n\nFrequently Asked Questions\nWhat is the difference between a Monetary Policy Report meeting and a regular MPC meeting?\nAt Monetary Policy Report (MPR) meetings\, held in February\, May\, August\, and November\, the MPC publishes updated staff economic forecasts for UK inflation\, GDP\, and unemployment alongside the rate decision. These forecasts provide context for the rate decision and signal the MPC’s expected rate path. At non-MPR meetings (March\, June\, September\, December)\, only the decision\, summary\, and minutes are released\, without new forecasts. The August MPR\, immediately preceding September\, will have set the most recent forecast baseline. \nWhen will the Bank of England September 2026 decision be announced?\nThe MPC will publish its monetary policy decision at 12:00 GMT on Thursday\, September 17\, 2026. The monetary policy summary and minutes will be released simultaneously. September is not an MPR meeting\, so no updated staff economic projections will be published. \nHow does UK wage growth affect the MPC’s rate decisions?\nThe MPC monitors wage growth closely because it is a key determinant of services inflation\, the component of UK CPI most influenced by domestic price-setting. When wage growth runs significantly above productivity growth\, businesses face higher costs that often pass through into services prices\, making it difficult for overall CPI to return to the 2% target. The BoE’s April 2026 Monetary Policy Report cited above-4% wage growth as a factor in its decision to hold\, and any sustained moderation in wage growth would be among the strongest signals that a cut is warranted.
URL:https://www.financecalendar.com/event/bank-of-england-mpc-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20260918T000000
DTEND;TZID=UTC:20260918T235959
DTSTAMP:20260825T104625Z
CREATED:20260605T060000Z
LAST-MODIFIED:20260825T104625Z
UID:1258-1789689600-1789775999@www.financecalendar.com
SUMMARY:Bank of Japan Rate Decision September 2026
DESCRIPTION:Next Bank of Japan Rate Decision: Friday\, September 18\, 2026 at 12:00 pm JST (11:00 pm ET\, 4:00 am London). \n\nConsensus\nNot yet published\nActual\nPending\n\nFull schedule and background: Bank of Japan Rate Decision. \nUpdated August 25\, 2026 \n\n← Previous Bank of Japan Rate DecisionNext Bank of Japan Rate Decision →\nThe Bank of Japan (BoJ) will announce its September 2026 monetary policy decision on Friday\, 18 September 2026. The Policy Board meets over two days (17-18 September)\, with “The Bank’s View” statement released on 18 September. As of June 2026\, the uncollateralized overnight call rate stands at 0.75%\, unchanged since December 2025. The September meeting is a non-Outlook Report meeting\, sitting between the July and October quarterly publications\, but may be pivotal if the July meeting did not deliver a hike and inflation data through the summer continues to support further tightening. \nBank of Japan Monetary Policy Decision: September 18\, 2026\nSeptember’s meeting is the sixth of eight scheduled Bank of Japan monetary policy meetings in 2026. It falls between the July Quarterly Outlook Report meeting and the October Quarterly Outlook Report meeting. While September does not produce a full updated forecast publication\, it can still be the meeting at which the Board decides to move rates if data and conditions support action. \nThe BoJ’s April 2026 decision was marked by a 6-3 vote with three Policy Board members favouring an immediate hike to 1.0%. The Bank’s leadership has consistently described real interest rates as “extremely low” and signalled a continued intent to adjust the “degree of monetary accommodation” in line with evolving economic conditions. The trajectory of Japan’s inflation and wages through the summer months will determine whether September or October becomes the decision point for the next hike. \nWhat to Expect\nBy September\, the Policy Board will have access to CPI data for July and August 2026. Japan’s core CPI has been tracking above 2% through 2026\, and the BoJ’s April forecast projected 2.8% core inflation for fiscal 2026. If summer data confirms this trend\, the Board has strong justification for hiking to 1.0%. If inflation eases meaningfully toward 2% or below\, the Board is more likely to hold and wait for the October Quarterly Outlook Report before making its next move. \nThe labour market will also be a key input. Japan’s job-to-applicant ratio has remained elevated\, and nominal wages have grown meaningfully following the 2026 spring shunto. The BoJ will review these data together with consumption and activity indicators to assess whether the positive wage-price cycle it has been awaiting is genuinely entrenched. \nGlobal conditions will influence September’s decision. The FOMC meets on 15-16 September\, the two days immediately before the BoJ’s 17-18 September meeting. A Federal Reserve hold or cut would be interpreted as a global disinflationary signal and could strengthen the case for the BoJ to hold at September\, while a hike would reinforce the case for action. The yen’s level heading into September will also be a factor: any further weakening would increase imported inflation and add pressure on the BoJ to act. \nRate Decision History\n\n\n\nDate\nDecision\nRate\nVote\n\n\n\n\nApril 2026\nHold\n0.75%\n6-3\n\n\nMarch 2026\nHold\n0.75%\n8-1\n\n\nJanuary 2026\nHold\n0.75%\nMajority\n\n\nDecember 2025\nHike +25bp\n0.75%\nMajority\n\n\nOctober 2025\nHold\n0.50%\nMajority\n\n\nJuly 2025\nHold\n0.50%\nMajority\n\n\nJune 2025\nHold\n0.50%\nMajority\n\n\nJanuary 2025\nHike +25bp\n0.50%\nMajority\n\n\n\nMarket Impact Scenarios\n\nHold at current rate – A hold would be taken as data-dependent caution\, particularly if inflation data from July and August does not clearly support a hike. The yen may weaken modestly. The Nikkei 225 would benefit from yen softness. JGB yields would hold. Markets would immediately shift attention to the October Quarterly Outlook Report meeting as the next potential hike point. A hold at September with no change in forward guidance would be seen as neutral to slightly dovish.\nHike 25bp – A hike to 1.0% (assuming July held) would confirm the BoJ’s commitment to normalisation. The yen would strengthen meaningfully\, JGB yields would rise\, and the Nikkei 225 would likely sell off on yen strength and higher borrowing cost concerns. Global carry trade positions would face pressure. The press statement’s language about further hikes beyond 1.0% would be the primary market driver after the initial reaction to the rate move itself.\nHold with hawkish guidance – A hold accompanied by more explicit language about the conditions for a September or October hike would be taken as directionally hawkish without the immediate market disruption of an actual hike. Yen strengthening and JGB yield increases would be more modest than in a direct hike scenario.\n\nStatement and Press Conference\nAs a non-Quarterly Outlook Report meeting\, the September statement (“The Bank’s View”) will be shorter than the April or July reports. However\, it will still contain the Policy Board’s current assessment of economic and price conditions\, and any changes from the language used in prior statements will be closely analysed by market participants. The Governor will hold a press conference following the announcement. \nParticular attention will be paid to whether the characterisation of inflation changes between July and September: any upgrade from “broadly on track” to “sustainably above 2%” would signal that the Board is closer to the conditions it has set for further normalisation. Any reference to global risks\, including energy prices and geopolitical uncertainty\, would be taken as a signal for a potential hold or delay. \nRelated Events\n\nFOMC Rate Decision September 2026 – The Federal Reserve’s September 15-16 decision\, immediately before the BoJ’s September 17-18 meeting\, providing critical context on the US-Japan rate differential.\nBank of England MPC Rate Decision September 2026 – The BoE’s September 17 decision\, on the same day as the BoJ meeting begins\, providing broader global context.\nBank of Japan Rate Decision July 2026 – The preceding BoJ quarterly decision on 31 July\, likely to determine whether September is a pivotal or routine meeting.\n\nFrequently Asked Questions\nIs September typically a significant meeting for the Bank of Japan?\nSeptember is not a Quarterly Outlook Report meeting\, which means it produces a shorter policy statement rather than the full updated economic projections published in January\, April\, July\, and October. However\, the Bank of Japan can and does move rates at any scheduled meeting based on data. In the current tightening cycle\, whether September is a hike or a hold will depend on the inflation and wage data available at the time of the meeting\, and on the Board’s assessment of global risk. \nWhen is the September 2026 BoJ decision announced?\nThe decision will be released on Friday\, 18 September 2026\, following the two-day meeting on 17-18 September. The announcement typically occurs around midday JST (3:00-4:00 am GMT)\, with the Governor’s press conference following in the afternoon. \nHow does Japan’s core CPI affect the BoJ’s timing of rate hikes?\nThe BoJ uses core CPI (CPI excluding fresh food) as its primary inflation measure\, targeting a sustainable rate of “around 2 percent”. The Bank has stated that it will continue to raise the policy rate as the economy and prices develop in line with its projections. If core CPI remains above 2% on a sustained basis\, driven by both cost-push factors (energy\, imports) and demand-pull factors (wages\, domestic services)\, the Board will feel confident that the conditions for further normalisation are met. A sharp fall in core CPI\, or evidence that the rise is entirely cost-push without wage support\, would justify a pause. \nFeatured image: Photo by Clement Souchet on Unsplash.
URL:https://www.financecalendar.com/event/bank-of-japan-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260920T210000
DTEND;TZID=America/New_York:20260920T220000
DTSTAMP:20260825T105549Z
CREATED:20260825T105549Z
LAST-MODIFIED:20260825T105549Z
UID:2082-1789938000-1789941600@www.financecalendar.com
SUMMARY:PBoC Loan Prime Rate September 2026
DESCRIPTION:Next PBoC Loan Prime Rate: Monday\, September 21\, 2026 at 9:00 am CST (9:00 pm ET\, 2:00 am London). \n\nConsensus\nNot yet published\nPrior\nHeld at 3.00% (1-year) / 3.50% (5-year)\, August 20\, 2026\nActual\nPending\n\nFull schedule and background: PBoC Loan Prime Rate. \nUpdated August 25\, 2026 \n\nThe People’s Bank of China (PBoC) sets its Loan Prime Rate (LPR) for September on Monday\, September 21\, 2026\, with the rate published at 9:00 am China Standard Time\, which is 9:00 pm ET on Sunday\, September 20 on the US East Coast\, and 2:00 am in London on September 21. The LPR is China’s benchmark for new bank loans and mortgages\, and it currently stands at 3.00% for the one-year tenor and 3.50% for the five-year-plus tenor. There is no press conference attached to the release; the National Interbank Funding Center simply publishes the two rates on the PBoC’s behalf. Full schedule and background: PBoC Loan Prime Rate. \nWhat is the PBoC and what does it decide?\nThe People’s Bank of China is the country’s central bank. Unlike the US Federal Reserve or the Bank of England\, it does not hold a single headline policy rate set by a voting committee that meets on a fixed schedule with published minutes. Instead\, the PBoC’s main lever is the seven-day reverse repo rate\, a short-term rate used in its daily money market operations. Commercial banks then use that rate\, along with their own funding costs\, to submit monthly quotes for the LPR. \nEach month\, 18 to 20 designated commercial banks submit their proposed one-year and five-year-plus LPR quotes to the National Interbank Funding Center. The centre strips out the highest and lowest quotes\, averages the rest\, and rounds to the nearest 0.05 percentage points. The PBoC authorises the publication of the result\, effectively making the LPR a managed\, market-referenced rate rather than a rate decided by a committee vote in the way Western central banks operate. \nThe one-year LPR is the reference for most corporate and short-term household borrowing. The five-year-plus LPR is the key reference for mortgage pricing across China\, so it matters directly to homeowners and to the property sector\, which remains a significant drag on Chinese growth. \nWhen is the September PBoC decision announced?\nThe September LPR is set for release on Monday\, September 21\, 2026\, at 9:00 am local time in Beijing (9:00 pm ET on September 20\, 2:00 am in London on September 21). There is no accompanying statement\, dot plot or press conference. The PBoC does\, however\, publish a quarterly Monetary Policy Report that gives more detail on its thinking\, and its Monetary Policy Committee holds quarterly meetings that shape the broader stance feeding into the monthly LPR quotes. \nWhat to expect\nThe one-year LPR has been held at 3.00% and the five-year-plus LPR at 3.50% every month since June 2025\, according to BigGo Finance’s coverage of the August 2026 decision\, which described the hold as the 15th consecutive month without a change. The last actual cut came in May 2025\, when the PBoC lowered both tenors by 10 basis points (a basis point is one hundredth of a percentage point). \nAhead of the August 2026 decision\, a Reuters poll of 25 market participants found that every respondent expected both rates to stay unchanged\, according to Reuters reporting carried by WKZO. A specific published poll for the September decision was not available at the time of writing\, but analysts cited in that survey argued the PBoC has “no rush to cut policy rates” while banks’ net interest margins\, the difference between what banks earn on loans and pay on deposits\, remain close to record lows\, limiting room for further cuts. \n\n\n\nMeeting\nDecision\n1-year LPR after meeting\n\n\n\n\nMarch 20\, 2026\nHeld\n3.00%\n\n\nApril 21\, 2026\nHeld\n3.00%\n\n\nMay 20\, 2026\nHeld\n3.00%\n\n\nJune 20\, 2026\nHeld\n3.00%\n\n\nJuly 21\, 2026\nHeld\n3.00%\n\n\nAugust 20\, 2026\nHeld\n3.00%\n\n\n\nThe five-year-plus LPR has moved alongside the one-year rate at every one of these meetings\, staying at 3.50% throughout\, according to the PBoC’s own release schedule on the People’s Bank of China website. \nMarket impact scenarios\n\n\n\nScenario\nLikely market read\nWhat it means in plain English\n\n\n\n\nHold (both tenors unchanged)\nBroadly neutral for onshore equities and the yuan; seen as consistent with the “no rush to cut” stance analysts have described to Reuters\nBorrowing costs for households and firms stay exactly where they are\, and existing mortgage rates linked to the LPR do not move\n\n\nCut (one or both tenors lowered)\nWould likely be read as a signal that policymakers see growth weakening enough to justify fresh stimulus\, and could weigh modestly on the yuan\nNew and some existing mortgages and business loans would get cheaper\, but savers earning interest on deposits would see little direct change since deposit rates are set separately\n\n\nGuidance shift without a rate move\nWatched closely in the PBoC’s quarterly Monetary Policy Report and any signals around the reverse repo rate or reserve requirement ratio (RRR)\, the share of deposits banks must hold in reserve\nNo immediate change to loan costs\, but hints at whether cuts are more or less likely in the coming months\n\n\n\nWhat will the statement and press conference signal?\nBecause there is no press conference or statement attached to the LPR release itself\, analysts instead watch three things around each monthly decision: the level of the seven-day reverse repo rate\, which anchors bank funding costs and therefore their LPR quotes; comments from PBoC officials or the quarterly Monetary Policy Report about the reserve requirement ratio; and broader signals about the health of the property sector\, since the five-year LPR feeds directly into mortgage pricing. A cut to the reverse repo rate ahead of an LPR meeting is generally seen as the clearest advance signal that banks will lower their LPR quotes. Any dissent within the banking sector about margins being too thin to support a cut is not something formally disclosed\, unlike voting records at the Federal Reserve or Bank of England. \nWhat It Means for Your Money\nFor anyone with a mortgage or business loan in China\, the five-year-plus LPR sets the reference rate that many banks use\, so a hold means no change to repayments this month\, while a cut would lower costs for new borrowers and for existing borrowers whose loans reprice against the LPR. Chinese savings rates are set separately by individual banks and are not directly tied to the LPR announcement. \nFor readers outside China\, the LPR decision feeds into the broader picture of Chinese growth\, which affects global markets in several ways. A steady or lower LPR alongside weak Chinese demand can weigh on commodity prices\, which in turn can affect inflation readings in the UK\, the eurozone and the US. The Chinese yuan’s moves around LPR decisions can also ripple through to other Asian currencies and\, at the margin\, to the pound\, the dollar and the euro\, since China remains a major trading partner for Europe and the US. Investors holding funds with exposure to Chinese equities\, or to companies that sell heavily into China such as luxury goods\, mining and auto manufacturers\, may see share prices react to signs of stronger or weaker Chinese stimulus. Pension funds with global or emerging-market allocations often carry some exposure to these swings\, even if indirectly. \nRelated events\n\nFull LPR schedule and history: PBoC Loan Prime Rate\nThe PBoC’s quarterly Monetary Policy Report and Monetary Policy Committee statements provide the fullest official commentary on the reasoning behind LPR moves\nChina’s monthly inflation (CPI and PPI) and trade data\, released in the days before each LPR decision\, are closely watched inputs into the PBoC’s thinking\n\nFrequently Asked Questions\nWhat time is the September 2026 PBoC LPR announced?\nThe rate is due at 9:00 am China Standard Time on September 21\, 2026\, which is 9:00 pm ET on September 20 and 2:00 am in London on September 21. \nWill the PBoC cut rates in September 2026?\nA specific published poll for September was not available at the time of writing\, but the one-year and five-year LPRs have been held at 3.00% and 3.50% respectively for 15 consecutive months through August 2026\, and analysts cited by Reuters have said policymakers are in “no rush” to cut. \nWhat is the current Chinese Loan Prime Rate?\nAs of the August 20\, 2026 decision\, the one-year LPR is 3.00% and the five-year-plus LPR\, the main mortgage reference rate\, is 3.50%. \nWhen is the next PBoC LPR decision after September?\nThe LPR is normally set on the 20th of each month\, or the next business day if the 20th falls on a weekend or holiday\, so the following decision would typically fall in October 2026. \nWhere can I watch the PBoC LPR announcement?\nThe rate is published directly on the People’s Bank of China website and simultaneously reported by major financial data providers and news wires.
URL:https://www.financecalendar.com/event/pboc-loan-prime-rate-september-2026/
CATEGORIES:Central Banks & Monetary Policy
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260924T033000
DTEND;TZID=America/New_York:20260924T043000
DTSTAMP:20260825T110225Z
CREATED:20260825T110225Z
LAST-MODIFIED:20260825T110225Z
UID:2086-1790220600-1790224200@www.financecalendar.com
SUMMARY:SNB Rate Decision September 2026
DESCRIPTION:Next SNB Rate Decision: Thursday\, September 24\, 2026 at 9:30 am CEST (3:30 am ET\, 8:30 am London). \n\nConsensus\nNot yet published\nPrior\nHeld at 0% (June 18\, 2026)\nActual\nPending\n\nFull schedule and background: SNB Rate Decision. \nUpdated August 25\, 2026 \n\nThe Swiss National Bank’s Governing Board announces its next interest rate decision on Thursday\, September 24\, 2026\, at 3:30am ET (8:30am London time\, 9:30am CEST local time in Zurich and Bern). The decision follows the Governing Board’s quarterly monetary policy assessment and comes with a published policy statement\, updated inflation forecast and a news conference. The SNB’s policy rate has stood at 0% since June 2025. Full schedule and background: SNB Rate Decision hub. \nWhat is the SNB Governing Board and what does it decide?\nThe Swiss National Bank is Switzerland’s central bank\, responsible for setting monetary policy with a legal mandate to ensure price stability while taking due account of economic developments. In practice this means keeping consumer price inflation within a range the SNB judges consistent with price stability\, generally close to but not exceeding 2% a year\, while avoiding unnecessary damage to growth and employment. \nMonetary policy decisions are taken by the three-member Governing Board. As of the most recent assessments\, the Board comprises Chairman Martin Schlegel\, Vice Chairman Antoine Martin and Member Petra Tschudin. Unlike the US Federal Reserve or the Bank of England\, the SNB does not publish individual votes or minutes of debate in the same format; instead it releases a summary of the discussion roughly four weeks after each decision. \nThe SNB conducts an in-depth monetary policy assessment four times a year\, in March\, June\, September and December. Each assessment produces a rate decision\, a medium-term conditional inflation forecast and a press conference where the Chairman explains the reasoning to journalists. \nWhen is the September 2026 SNB decision announced?\nThe September assessment is scheduled for Thursday\, September 24\, 2026\, with the decision communicated to the public at 9:30am CEST (3:30am ET\, 8:30am London). The SNB publishes its policy statement and updated conditional inflation forecast at the same time\, followed by a news conference with the Chairman and other Governing Board members. A written summary of the internal discussion is typically released around four weeks after the decision\, in this case expected in late October 2026. \nWhat to expect\nThe SNB has held its policy rate at 0% at every assessment since the June 2025 cut\, including the meetings in September 2025\, December 2025\, March 2026 and June 2026. At the June 2026 assessment\, the Governing Board said monetary conditions were appropriate given that medium-term inflationary pressure had remained virtually unchanged since the previous assessment\, according to the SNB’s June 2026 press release. Economists and market pricing for the September 2026 meeting were not yet available at the time of writing; a consensus forecast has not yet been published for this specific date. \nThe table below shows the rate decisions from the SNB’s own published assessments over the past eight quarters. \n\n\n\nMeeting\nDecision\nRate after meeting\n\n\n\n\nJune 19\, 2025\nCut 25bp\n0%\n\n\nSeptember 25\, 2025\nHeld\n0%\n\n\nDecember 11\, 2025\nHeld\n0%\n\n\nMarch 19\, 2026\nHeld\n0%\n\n\nJune 18\, 2026\nHeld\n0%\n\n\n\nMarket impact scenarios\n\n\n\nScenario\nLikely market read\nWhat it means in plain English\n\n\n\n\nHold at 0%\nBroadly neutral for the Swiss franc\, seen as continuity given four consecutive holds\nThe SNB judges current inflation and growth conditions do not require a change\, keeping borrowing costs where they are\n\n\nCut\, potentially into negative territory\nFranc likely to weaken; Swiss and eurozone bond yields could edge lower on read-through\nThe SNB would be signalling concern about weak inflation\, a strong franc hurting exporters\, or a slowing economy\n\n\nHawkish guidance shift without a rate move\nFranc could firm modestly if the statement flags future tightening risk\nPolicymakers would be pointing to inflation moving back toward or above their comfort zone without acting immediately\n\n\n\nWhat will the statement and press conference signal?\nAnalysts typically focus on three things in the SNB statement: the updated conditional inflation forecast (which shows where the Board expects prices to head assuming rates stay unchanged)\, any language on the franc’s exchange rate\, and whether the Board leaves the door open to further cuts\, including a return to negative interest rates\, a tool the SNB has used before and referenced again as a possibility in 2025. Because the SNB does not publish a vote breakdown\, dissent risk is harder to gauge than at the Fed or the Bank of England; instead\, commentators watch changes in wording between one statement and the next for shifts in tone. The Chairman’s press conference remarks\, delivered roughly 30 minutes after the written statement\, often carry as much market-moving weight as the decision itself. \nWhat It Means for Your Money\nFor UK and European readers\, the SNB decision matters mainly through currency and safe-haven flows. The Swiss franc is widely used as a haven asset\, so a surprise rate move can shift EUR/CHF and GBP/CHF rates\, affecting the cost of Swiss holidays\, imports from Switzerland\, and returns on any Swiss franc-denominated savings or bonds held by European investors. \nFor UK mortgage holders and savers\, the SNB decision itself has little direct effect on Bank of England policy\, but it is one of several central bank signals that traders use to gauge the global direction of interest rates. A widespread move toward rate cuts by developed-market central banks tends to filter through to lower gilt yields over time\, which can eventually feed into fixed mortgage rates and savings account returns\, though the Bank of England’s own decisions matter far more. \nFor eurozone households\, Switzerland’s proximity and trade links mean a weaker or stronger franc can change the price of Swiss goods and cross-border shopping\, and can influence the European Central Bank’s own thinking about currency stability at the margin. For pension funds and investors holding Swiss equities or bonds\, a rate change alters the relative attractiveness of Swiss assets versus eurozone or US alternatives\, and can move the value of any unhedged franc exposure in a portfolio. \nRelated events\n\nThe previous SNB assessment was held on June 18\, 2026\, when the Governing Board left the policy rate unchanged at 0%.\nThe next scheduled SNB assessment after September 2026 falls in December 2026\, following the bank’s usual March\, June\, September\, December pattern.\nSwiss consumer price inflation and labour market data released in the weeks before the September assessment typically shape the Governing Board’s updated inflation forecast.\n\nFrequently Asked Questions\nWhat time is the SNB September 2026 decision announced?\nThe decision is communicated at 9:30am CEST on September 24\, 2026\, which is 3:30am ET and 8:30am London time. \nWill the SNB cut interest rates in September 2026?\nNo consensus forecast had been published for this specific meeting at the time of writing; the SNB has held its rate at 0% at each of its last four assessments. \nWhat is the current SNB policy rate?\nThe SNB policy rate has stood at 0% since the cut announced on June 19\, 2025\, and was most recently confirmed unchanged at the June 18\, 2026 assessment. \nWhen is the next SNB decision after September 2026?\nThe SNB’s next scheduled monetary policy assessment falls in December 2026\, in line with its usual quarterly cycle of March\, June\, September and December meetings. \nWhere can I watch the SNB press conference?\nThe SNB streams its policy statement and news conference live on its official website\, snb.ch\, with a recording typically posted shortly afterwards.
URL:https://www.financecalendar.com/event/snb-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20260924T033000
DTEND;TZID=America/New_York:20260924T043000
DTSTAMP:20260826T034356Z
CREATED:20260826T034356Z
LAST-MODIFIED:20260826T034356Z
UID:2273-1790220600-1790224200@www.financecalendar.com
SUMMARY:Riksbank Rate Decision September 2026
DESCRIPTION:Next Riksbank Rate Decision: Thursday\, September 24\, 2026 at 9:30 am CEST (3:30 am ET\, 8:30 am London). \n\nConsensus\nNot yet published\nPrior\nHeld at 1.75% (August 20\, 2026)\nActual\nPending\n\nFull schedule and background: Riksbank Rate Decision. \nUpdated August 25\, 2026 \n\nThe Riksbank\, Sweden’s central bank\, announces its next interest rate decision on Thursday\, September 24\, 2026\, at 9:30 am CEST (3:30 am ET\, 8:30 am London time). The decision follows the Executive Board’s monetary policy meeting and comes with a full Monetary Policy Report setting out the Riksbank’s updated forecasts. Full schedule and background: Riksbank Rate Decision hub. \nGoing into this meeting the policy rate stands at 1.75%\, where it has been held since early 2026 after a run of rate cuts through 2025. There is no separate press conference time confirmed in the Riksbank’s published calendar for this specific date; the decision\, minutes schedule and press release are issued at the time above. \nWhat is the Riksbank and what does it decide?\nThe Riksbank is Sweden’s central bank and one of the oldest central banks in the world. Its primary task\, set by law\, is to maintain price stability\, which it interprets as an inflation target of 2% measured by the CPIF (consumer price index with a fixed interest rate). It also has a secondary objective of supporting balanced economic growth and high employment\, provided this does not conflict with the inflation target. \nDecisions on the policy rate are taken by the Riksbank’s Executive Board\, a group of board members who vote on the appropriate level of interest rates. If votes are split evenly\, the Governor’s vote decides the outcome. The Board normally meets eight times a year to set monetary policy\, publishing a rate decision and Monetary Policy Report at most of these meetings. \nBecause Sweden is a small\, open economy with its own currency\, the krona\, the Riksbank pays close attention to developments at the European Central Bank and the US Federal Reserve\, since large gaps in interest rates can move the krona sharply and feed through to imported inflation. \nWhen is the September Riksbank decision announced?\nThe announcement is scheduled for September 24\, 2026 at 9:30 am CEST (3:30 am ET\, 8:30 am London). The Riksbank typically publishes the policy rate decision\, an accompanying press release\, and a Monetary Policy Report with updated growth and inflation forecasts on the same morning. Minutes from the meeting are normally released roughly a week after the decision\, giving more detail on how individual board members voted and their reasoning. \nWhat to expect\nThe Riksbank left the policy rate unchanged at 1.75% at its most recent confirmed decision\, in August 2026\, having already held rates steady since the start of the year following three cuts during 2025\, according to the Riksbank’s own press releases. A consensus forecast for the September meeting has not yet been published; economists and markets typically firm up expectations closer to the decision date as fresh Swedish inflation and labour market data arrive. \nThe table below sets out recent confirmed Riksbank decisions\, sourced from the Riksbank’s own published materials. Rows for meetings not yet confirmed by the Riksbank have been omitted. \n\n\n\nMeeting\nDecision\nRate after meeting\n\n\n\n\nJanuary 2026\nHeld\n1.75%\n\n\nMarch 2026\nHeld\n1.75%\n\n\nJune 2026\nHeld\n1.75%\n\n\nAugust 2026\nHeld\n1.75%\n\n\nSeptember 2026\nDecision pending\nCurrently 1.75%\n\n\n\nMarket impact scenarios\n\n\n\nScenario\nLikely market read\nWhat it means in plain English\n\n\n\n\nHold\nRead as broadly neutral to mildly hawkish if guidance suggests rates stay at 1.75% for longer\, according to how markets typically respond to unchanged Riksbank statements\nBorrowing costs in Sweden stay where they are; the krona may hold steady or firm slightly if the tone is cautious about future cuts\n\n\nCut\nRead as dovish\, likely weakening the krona against the euro and dollar\nCheaper loans and mortgages for Swedish households\, but a weaker krona can push up the price of imported goods\n\n\nHike\nWould be a surprise given the current easing cycle\, and would likely be read as strongly hawkish\nMore expensive borrowing in Sweden\, but could support the krona and slow inflation further\n\n\n\nWhat will the statement and press conference signal?\nAnalysts will focus on the Riksbank’s forward guidance\, meaning the hints it gives about the likely path of rates over coming meetings rather than just the decision itself. Key questions include whether the Board still sees the current 1.75% level as appropriate for an extended period\, how it characterises the state of Sweden’s labour market (which the Riksbank has flagged as weaker than expected)\, and whether inflation is seen as durably close to the 2% target or still running below it. \nWatch also for any dissent among Executive Board members in the minutes\, published roughly a week after the decision\, and for commentary on the krona’s exchange rate\, since a persistently weak krona can complicate the inflation outlook by making imports more expensive. \nWhat It Means for Your Money\nFor people in Sweden\, the policy rate feeds directly into mortgage rates\, particularly for those on variable-rate or shorter fixed-rate home loans\, and into returns on savings accounts. A hold at 1.75% means little immediate change to existing mortgage costs or deposit rates; a cut would gradually lower borrowing costs on loans and credit cards but also reduce what savers earn. \nFor UK and eurozone readers\, the Riksbank decision matters mainly through the krona’s exchange rate and as a signal of how smaller developed-economy central banks are handling the tail end of their rate-cutting cycles. A weaker krona can make Swedish exports cheaper and imports into Sweden pricier\, with knock-on effects for European supply chains and for investors holding Swedish equities or krona-denominated bonds. Pension funds and investors with exposure to Nordic markets should watch the tone of the statement for clues on the direction of Swedish bond yields and equity valuations over the following months. \nRelated events\n\nFull Riksbank schedule and past decisions: Riksbank Rate Decision hub\nSweden’s inflation (CPIF) data released ahead of each meeting typically shapes the Board’s decision\nLabour market and unemployment figures from Statistics Sweden are watched closely given the Riksbank’s comments on a softer jobs market\n\nFrequently Asked Questions\nWhat time is the Riksbank decision announced?\nThe decision is announced at 9:30 am CEST on September 24\, 2026\, which is 3:30 am ET and 8:30 am London time. \nWhat is the current Riksbank policy rate?\nThe policy rate has stood at 1.75% since it was held at that level in early 2026\, following three rate cuts during 2025. \nWill the Riksbank cut rates in September 2026?\nA consensus forecast has not yet been published\, so any move should be treated as a possibility rather than a prediction until closer to the meeting. \nWhen is the next Riksbank decision after September 2026?\nThe Riksbank normally holds eight monetary policy meetings a year; check the Riksbank Rate Decision hub for the confirmed date of the following meeting. \nWhere can I watch the announcement?\nThe decision and Monetary Policy Report are published on the Riksbank’s official website\, riksbank.se\, at the time of the announcement.
URL:https://www.financecalendar.com/event/riksbank-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
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DTSTART;TZID=America/New_York:20260924T040000
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DTSTAMP:20260826T034209Z
CREATED:20260826T034208Z
LAST-MODIFIED:20260826T034209Z
UID:2271-1790222400-1790226000@www.financecalendar.com
SUMMARY:Norges Bank Rate Decision September 2026
DESCRIPTION:Next Norges Bank Rate Decision: Thursday\, September 24\, 2026 at 10:00 am CEST (4:00 am ET\, 9:00 am London). \n\nConsensus\nNot yet published\nPrior\nHeld at 4.25% (August 12\, 2026)\nActual\nPending\n\nFull schedule and background: Norges Bank Rate Decision. \nUpdated August 25\, 2026 \n\nNorges Bank’s Monetary Policy and Financial Stability Committee announces its September policy rate decision on Thursday\, September 24\, 2026\, at 4:00 am ET (9:00 am London time\, 10:00 am CEST in Oslo). The current policy rate stands at 4.25%\, and the decision will be published alongside Monetary Policy Report 3/26\, Norges Bank’s quarterly set of economic forecasts. Full schedule and background: Norges Bank rate decisions. \nWhat is the Norges Bank Monetary Policy and Financial Stability Committee and what does it decide?\nThe Monetary Policy and Financial Stability Committee is the body inside Norges Bank\, Norway’s central bank\, that sets the policy rate\, the interest rate at which banks can place overnight deposits with the central bank. Its mandate is to keep inflation low and stable\, close to a target of 2% over time\, while also supporting high employment and financial stability. The committee has five members\, including the Governor\, who currently is Ida Wolden Bache\, and its decisions are taken by majority vote\, though most recent decisions have been unanimous. \nThe committee meets eight times a year to decide on the policy rate. Four of these meetings\, including September’s\, are accompanied by a full Monetary Policy Report containing updated forecasts for growth\, inflation\, unemployment and the expected path of the policy rate over the following two to three years. A press conference follows each decision\, giving the Governor the chance to explain the reasoning behind the vote and answer questions from journalists. \nWhen is the September Norges Bank decision announced?\nThe rate decision is due at 10:00 am CEST (4:00 am ET\, 9:00 am London time) on September 24\, 2026. It will be published together with Monetary Policy Report 3/26\, which sets out the committee’s updated policy rate forecast\, known as the policy rate path. A press conference with Governor Ida Wolden Bache typically follows around 30 to 45 minutes after the written statement\, usually broadcast in Norwegian with an accompanying introductory statement published in English. A summary of the committee’s deliberations is also released\, giving more detail on the internal debate than the short policy statement alone. \nWhat to expect\nNorges Bank raised its policy rate from 4% to 4.25% at its May 2026 meeting\, and has held it unchanged at 4.25% at both the June and August 2026 meetings. According to the bank’s own account of the August meeting\, inflation had slowed and come in lower than projected over the summer\, even as the committee had earlier flagged the possibility that a somewhat tighter policy stance might still be needed\, according to Norges Bank’s August 2026 rate decision statement. The June 2026 Monetary Policy Report had pointed to a policy rate forecast just above 4.5% by the end of the year\, according to Norges Bank’s Monetary Policy Report 2/2026\, though the cooler summer inflation data has left room for debate over whether that path still holds. A consensus forecast from a major poll provider has not yet been published for the September meeting at the time of writing. \n\n\n\nMeeting\nDecision\nRate after meeting\n\n\n\n\nJanuary 21\, 2026\nHeld\n4.00%\n\n\nMarch 25\, 2026\nHeld\n4.00%\n\n\nMay 6\, 2026\nRaised by 25bp\n4.25%\n\n\nJune 17\, 2026\nHeld\n4.25%\n\n\nAugust 12\, 2026\nHeld\n4.25%\n\n\n\nMarket impact scenarios\n\n\n\nScenario\nLikely market read\nWhat it means in plain English\n\n\n\n\nHold at 4.25%\nBroadly expected given two consecutive holds and cooling summer inflation\, according to Norges Bank’s own August statement\nNorwegian mortgage and deposit rates stay where they are for now\, with attention shifting to the updated policy rate path in Monetary Policy Report 3/26 for clues on the next move\n\n\nCut\nWould be read as a signal that the committee judges inflation to be falling back towards target faster than expected\nCheaper borrowing in Norway\, a potentially weaker krone against the pound\, dollar and euro\, and a sign that other European central banks may follow a similar path if inflation trends are shared regionally\n\n\nHike\nWould surprise markets given the recent run of holds and the softer inflation data cited in August\nMore expensive mortgages and loans in Norway\, a likely boost to the krone\, and a signal that policymakers still see inflation risks as the greater danger\n\n\n\nWhat will the statement and press conference signal?\nInvestors and analysts will focus on the updated policy rate path in Monetary Policy Report 3/26 to see whether the roughly 4.5% end-year projection from June has been revised down in light of the cooler summer inflation figures. Any language about the balance of risks between persistent cost pressures and a softening labour market will be scrutinised for hints about the pace and timing of further cuts or holds into 2027. Dissent within the five-member committee has been rare in 2026\, so a split vote would itself be treated as a meaningful signal. The Governor’s introductory statement at the press conference usually gives the clearest steer on how the committee weighs these competing risks. \nWhat It Means for Your Money\nFor Norwegian households\, the policy rate directly affects mortgage rates\, since most Norwegian mortgages track the policy rate closely\, and any change feeds through to monthly repayments within weeks. A hold keeps existing mortgage costs stable\, a cut would ease pressure on borrowers\, and a hike would push repayments higher. Savers with Norwegian bank accounts see the same relationship in reverse: higher rates mean better returns on cash deposits\, lower rates mean less interest earned. \nBeyond Norway\, the decision matters for currency markets. The Norwegian krone tends to strengthen when Norges Bank holds rates higher for longer relative to other central banks\, and weaken when it signals cuts\, affecting the cost of Norwegian imports and the value of Norwegian assets held by UK\, eurozone or US investors. Norway’s oil-linked economy also means its rate path is sometimes watched as a read on how commodity-exposed economies are handling inflation\, which can inform expectations for the European Central Bank and the Bank of England\, both of which are also managing the trade-off between inflation and growth. For pension funds and investors with exposure to Norwegian equities\, bonds or the krone\, the rate path shapes expected returns\, while global investors watching for divergence between Norges Bank\, the Federal Reserve and the ECB may use the decision to gauge the wider direction of developed-market monetary policy. \nRelated events\n\nThe previous Norges Bank decision was announced on August 12\, 2026\, when the rate was held at 4.25%.\nThe next scheduled Norges Bank decision follows the eight-meetings-a-year calendar; check the Norges Bank rate decisions hub for the confirmed date.\nNorwegian and eurozone inflation and labour market data released in the weeks before the meeting typically shape the committee’s updated forecasts in Monetary Policy Report 3/26.\n\nFrequently Asked Questions\nWhat time is the Norges Bank decision announced?\nThe decision is due at 10:00 am CEST in Oslo on September 24\, 2026\, which is 4:00 am ET and 9:00 am London time. \nWill Norges Bank cut interest rates in September 2026?\nIt is not possible to predict the outcome. Norges Bank held its rate at 4.25% at both the June and August 2026 meetings after raising it from 4% in May\, and a consensus forecast for September has not yet been published. \nWhat is the current Norges Bank policy rate?\nThe policy rate has stood at 4.25% since the May 2026 meeting\, held unchanged at both subsequent meetings in June and August 2026. \nWhen is the next Norges Bank meeting after September?\nNorges Bank’s committee meets eight times a year; the confirmed date for the next meeting after September 2026 can be found on the Norges Bank rate decisions hub. \nWhere can I watch the Norges Bank press conference?\nNorges Bank publishes the statement\, Monetary Policy Report and an English introductory statement from the Governor on its official website\, with the press conference itself typically broadcast in Norwegian.
URL:https://www.financecalendar.com/event/norges-bank-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
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DTSTART;TZID=America/New_York:20260929T003000
DTEND;TZID=America/New_York:20260929T013000
DTSTAMP:20260825T104556Z
CREATED:20260605T060000Z
LAST-MODIFIED:20260825T104556Z
UID:1248-1790641800-1790645400@www.financecalendar.com
SUMMARY:RBA Rate Decision September 2026
DESCRIPTION:Next RBA Rate Decision: Tuesday\, September 29\, 2026 at 2:30 pm AEST (12:30 am ET\, 5:30 am London). \n\nConsensus\nNot yet published\nActual\nPending\n\nUpdated August 25\, 2026 \n\n← Previous RBA Rate DecisionNext RBA Rate Decision →\nThe Reserve Bank of Australia (RBA) will announce its September 2026 interest rate decision on Tuesday\, 29 September 2026\, at 2:30 pm AEST. The Monetary Policy Board meets over two days (28-29 September)\, with the outcome published on the second day\, followed by a press conference at 3:30 pm. The September meeting is a regular decision meeting\, coming between the August quarterly Statement on Monetary Policy and the November SMP. As of May 2026\, the cash rate target is 4.35%. \nRBA Rate Decision: September 29\, 2026\nThe September meeting is the sixth Monetary Policy Board decision of 2026\, sitting between the August and November quarterly Statement on Monetary Policy meetings. At this stage in the hiking cycle\, the Board will be assessing whether the three rate rises delivered in February\, March\, and May 2026 have been sufficient to cool inflation\, or whether additional tightening is required. \nThe RBA has been navigating a challenging inflation environment in 2026. Services inflation has remained elevated due to labour market tightness\, while energy and food prices have been pushed higher by the Middle East conflict. The May 2026 hike was delivered in an 8-1 vote\, with the Board citing the need to bring underlying inflation back toward the 2-3% target band on a sustained basis. Since then\, the Board has had the benefit of additional data from the June quarter CPI release and the August SMP to assess whether the hiking cycle is complete. \nThe decision will be announced at 2:30 pm AEST on Tuesday\, 29 September 2026\, followed by a press conference at 3:30 pm AEST. \nWhat to Expect\nThe key indicator the Board will be watching ahead of September is the trimmed mean CPI for the September quarter\, which will not be available until late October\, after the September meeting. However\, the Board will have access to monthly CPI indicator data from the ABS\, which provides a more timely\, if less precise\, read on underlying inflation. If monthly indicators for July and August show continued moderation\, the Board is more likely to hold in September. If they show a re-acceleration\, a further hike becomes more credible. \nLabour market conditions remain central. The RBA has repeatedly highlighted the role of wages growth in sustaining services inflation. Data on employment\, unemployment\, and the Wage Price Index published before September will inform the Board’s assessment. Any sharp deterioration in the labour market\, such as a significant rise in unemployment\, would change the calculus significantly\, reducing the need for further rate hikes. \nThe global backdrop matters considerably for the RBA. China’s economic performance\, commodity prices (particularly iron ore and coal)\, and the path of the US Federal Reserve’s policy rate all influence Australian financial conditions and the Board’s decision-making. The FOMC decision on 16 September (the day before the BoE’s September meeting) will provide an important read on global monetary conditions just two weeks before the RBA’s September decision. \nCash Rate Decision History\n\n\n\nDate\nDecision\nRate\nVote\n\n\n\n\nMay 2026\nHike +25bp\n4.35%\n8-1\n\n\nMarch 2026\nHike +25bp\n4.10%\nMajority\n\n\nFebruary 2026\nHike +25bp\n3.85%\nMajority\n\n\nNovember 2025\nHold\n3.60%\nMajority\n\n\nSeptember 2025\nHold\n3.60%\nMajority\n\n\nAugust 2025\nCut 25bp\n3.60%\nMajority\n\n\nMay 2025\nCut 25bp\n3.85%\nMajority\n\n\nFebruary 2025\nCut 25bp\n4.10%\nMajority\n\n\n\nMarket Impact Scenarios\n\nHold at 4.35% (base case) – A hold is the most likely outcome if inflation data shows continued moderation. AUD would hold steady or weaken slightly as markets price in an eventual pivot toward cuts. The ASX 200 could rally modestly\, particularly in property and consumer discretionary sectors. Bond yields would hold steady or fall slightly on the shorter end of the curve if the statement signals that the hiking cycle has ended.\nHike 25bp to 4.60% – A fourth consecutive hike would signal that the Board remains concerned about inflation persistence. AUD would strengthen 0.5-1.0% against the US dollar. Bond yields would rise. The ASX 200 would likely fall\, with highly indebted Australian households particularly sensitive to further rate increases at this stage of the cycle. Consumer confidence and housing markets would both come under pressure.\nCut 25bp to 4.10% – A cut in September would only occur if there is strong evidence that inflation has fallen sharply and the economy is slowing meaningfully. This would be a significant surprise and would require a material deterioration in economic data over the July-August period. AUD would fall sharply. Bond prices would rally across the curve.\n\nStatement and Press Conference\nThe Governor will hold a press conference at 3:30 pm AEST on 29 September 2026 following the rate announcement. As a non-SMP meeting\, there will be no updated set of economic forecasts published alongside the decision. The post-decision statement will contain the Board’s current assessment of inflation\, growth\, and labour market conditions\, and will include language indicating the Board’s inclination on future policy moves. \nThe September meeting minutes\, released two weeks after the decision\, will provide detail on the range of views within the Board and any changes in the balance of opinion toward future tightening or easing. Markets will also watch closely for any indication that the Board is beginning to discuss conditions under which it would consider cuts\, rather than further hikes. \nRelated Events\n\nFOMC Rate Decision September 2026 – The Federal Reserve’s September decision on 16 September\, providing important global context two weeks before the RBA’s decision.\nECB Rate Decision September 2026 – The European Central Bank’s September decision on 10 September\, another major central bank read on global inflation and monetary conditions.\nBank of England MPC Rate Decision September 2026 – The BoE’s September decision on 17 September\, providing further context on advanced economy monetary policy.\n\nFrequently Asked Questions\nDoes the RBA meet every month?\nNo. The Reserve Bank of Australia’s Monetary Policy Board meets eight times per year since moving from its previous 11-meeting-per-year schedule. The 2026 meeting dates are February\, March\, May\, June\, August\, September\, November\, and December. Four of those meetings (February\, May\, August\, November) are accompanied by the quarterly Statement on Monetary Policy with updated economic forecasts. \nWhen is the September 2026 RBA decision announced?\nThe decision will be published at 2:30 pm AEST (4:30 am GMT) on Tuesday\, 29 September 2026\, following the two-day meeting on 28-29 September. The Governor holds a press conference at 3:30 pm AEST immediately after. \nWhat impact does the RBA cash rate have on the Australian dollar?\nThe RBA cash rate influences the AUD by affecting the interest rate differential between Australia and other major economies. A higher Australian cash rate\, relative to rates in the US\, Europe\, and Japan\, makes AUD-denominated assets more attractive to global investors seeking yield\, supporting the currency. A cut or surprise hold would typically weaken the AUD\, while a hike or hawkish statement would typically support it. The AUD is also heavily influenced by commodity prices\, particularly iron ore\, given the importance of mining exports to the Australian economy. \nFeatured image: Photo by Fabian Mardi on Unsplash.
URL:https://www.financecalendar.com/event/rba-rate-decision-september-2026/
CATEGORIES:Central Banks & Monetary Policy
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