The central bank raised benchmark rates by 25 basis points, bringing them to 0.75% as widely anticipated. While the hike signals tightening, real interest rates are projected to stay unusually low going forward. On the economy side, the recovery has been moderate—growth is picking up but pockets of weakness remain. Wages and inflation data came in mixed, with both still showing pressure but not uniformly across sectors. This backdrop matters for crypto traders watching macro cycles: when real rates compress and growth remains uneven, alternative asset demand typically picks up.