Analysis: Seven central banks will announce their interest rate decisions next week, which may trigger volatility in the Bitcoin market

According to CoinDesk, next week will be a critical test for risk assets like Bitcoin, as seven major central banks, including the Federal Reserve, will announce their interest rate decisions.

At the same time, the surge in oil prices driven by war has raised new concerns about global inflation. Traders are reassessing interest rate cut expectations, as rising energy costs may keep inflation elevated, increasing the risk of policymakers adopting a more hawkish stance. The economic calendar includes: the Reserve Bank of Australia, the Bank of Canada, and the Federal Reserve will announce their interest rate decisions on March 18, followed by the Bank of Japan, the Swiss National Bank, and the European Central Bank on March 19.

Previously, the market widely expected major central banks to steadily cut interest rates, but the rise in oil prices due to the Middle East conflict has disrupted this expectation. If central banks signal a hawkish stance, it could trigger volatility and downward pressure on risk assets like Bitcoin. Analysts point out that the Federal Reserve's initial response to oil price shocks is usually to wait and assess, hoping to determine which issue—growth or inflation—is more significant, and that most such shocks are temporary. Historically, only the Federal Reserve and the Bank of Japan have had a substantial impact on Bitcoin prices.