Swiss Central Bank Makes Dovish 25bps Rate Cut; More to Come, Notes ING
The Swiss National Bank persists in steadily lowering interest rates to curb the strength of the Swiss franc.
The Swiss National Bank has lowered the policy interest rate by 0.25 percentage points to 1.0% to address the easing of Swiss inflationary pressures. The central bank also warns that if necessary, more measures will be taken to curb the strength of the Swiss franc.
The Swiss National Bank announced its third interest rate cut this year, indicating possible further cuts in the future.
Considering the steady decline in inflation, the Swiss National Bank announced a 25 basis point rate cut to 1%, and lowered its inflation expectations for the next three years, stating that it would intervene in the forex market when necessary.
Swiss Central Bank Delivers Third Straight Rate Cut -- Update
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