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Inflation is too low! The Swiss Franc central bank continues to cut interest rates by 25 basis points.
After this interest rate cut, the Swiss Franc's main rate has been lowered to 0.25%, close to zero interest rate.
Express News | The Swiss Franc central bank vice president: It is expected that inflation pressures will continue to gradually ease over the next few quarters.
The Swiss Franc central bank cuts interest rates by 25 basis points.
On March 20, Gelonghui reported that the Swiss Franc central bank lowered the benchmark interest rate by 25 basis points to 0.25%, marking the fifth consecutive rate cut, in line with market expectations.
German Banks: The trend of the Swiss Franc will depend on the Swiss National Bank's inflation expectations and indications of interest rate cuts.
On March 20, Glonghui reported that Michael Pfister, an Analyst at Deutsche Bank, stated in a report that if the Swiss Central Bank lowers interest rates by 25 basis points at 16:30 Beijing time, the Swiss Franc may weaken. Data from LSEG shows that the market estimates the likelihood of this rate cut at 65%. Pfister noted that, as the market has not fully absorbed this action, the Swiss Franc may be 'subject to some degree of impact.' 'However, from a mid-term perspective, it is important for the Swiss Central Bank to send signals in the coming months.' He indicated that the extent of the Swiss Franc's decline would depend on whether the Swiss Central Bank reduces inflation.
Express News | The Swiss Franc has revised its economic growth forecast for 2025 down to 1.4%.
Express News | The Swiss National Bank may conduct its last rate cut of the cycle this week.