After a run of rate announcements from central banks including the Federal Reserve, the Bank of England and the Bank of Japan, the coming week will be dominated by monetary policy decisions from the People’s Bank of China (PBOC) and the Swiss National Bank (SNB).

Investors should also keep an eye on the broader run of macroeconomic data due over the next several days.

Monday, September 21

The week opens with China’s rate announcement. The People’s Bank of China is expected, according to market and economist forecasts, to leave its Loan Prime Rate (LPR) unchanged for the 16th consecutive month.

A recent Reuters survey found that every economist polled expects the one-year and five-year LPR to stay at 3% and 3.50%, respectively.

Tokyo’s stock exchange will be closed the same day for Respect for the Aged Day.

Tuesday, September 22

Tokyo’s exchange remains closed on Tuesday as well. On the macro calendar, Bundesbank president and ECB Governing Council member Joachim Nagel is due to speak at 10:30 am CEST (4:30 am ET).

Later in the day, Federal Open Market Committee (FOMC) members John Williams and Fed Governor Philip Jefferson are also scheduled to speak, at around 4:20 pm CEST (10:20 am ET).

At 7:00 pm CEST (1:00 pm ET), FOMC member Thomas Barkin is due to speak as well.

On the US macro front, watch for the September Richmond Fed manufacturing index at 4:00 pm CEST (10:00 am ET), alongside EU consumer confidence data for September at the same time.

Wednesday, September 23

Tokyo remains closed for a third consecutive day, this time for the Autumn Equinox holiday.

On the data calendar: France’s September manufacturing Purchasing Managers’ Index (PMI) at 9:15 am CEST, followed by Germany’s composite PMI at 9:30 am CEST.

The eurozone’s manufacturing and composite PMI readings for September follow at 10:00 am CEST, with the UK’s composite PMI at 10:30 am CEST.

The PMI releases continue in the US, with the S&P Global Composite PMI for September due at 3:45 pm CEST (9:45 am ET).

Thursday, September 24

At 2:30 am CEST, Japan’s services and manufacturing PMI figures for September are released.

In Italy, monthly and annual car registration data for August are due at 6:00 am CEST; the same figures are released at the same time in Germany, France and the Netherlands.

French consumer confidence for September follows at 8:45 am CEST, while Spain’s August producer price index is due at 9:00 am CEST.

At 9:30 am CEST, the Swiss National Bank announces its interest-rate decision. Markets expect rates to be left unchanged at zero.

Germany’s Ifo business climate index for September is due at 10:00 am CEST. At the same time, the European Central Bank releases its Economic Bulletin — issue No. 6 of 2026 — a closely watched report for investors seeking signals on eurozone growth and inflation, and by extension on the path of interest rates following the ECB’s recent hike.

US building permits data for August are due at 1:50 pm CEST (7:50 am ET). US initial jobless claims follow at 2:30 pm CEST (8:30 am ET), alongside Canadian retail sales data for both July and August.

At 4:00 pm CEST (10:00 am ET), markets will focus on US new home sales for August.

Friday, September 25

The Shanghai stock exchange is closed for the Mid-Autumn Festival.

In Europe, Spain’s second-quarter GDP figure is due at 9:00 am CEST, followed at 10:00 am CEST by eurozone M3 money supply and private-sector lending data for August.

On the US macro front, durable goods orders for August are due at 2:30 pm CEST (8:30 am ET). At 4:00 pm CEST (10:00 am ET), attention turns to the Atlanta Fed’s third-quarter GDPNow estimate and the University of Michigan’s consumer sentiment index.

Editor’s note

This article was originally published in Italian on money.it by Laura Naka Antonelli on September 20, 2026 as «Market movers 21-27 settembre, banche centrali di Cina e Svizzera pronte ad annuncio tassi. Novità anche dalla BCE». It has been translated and adapted for an international audience by the Money.it International desk.