Swiss Current Account Surplus Rises in Q1

Switzerland's current account surplus edged up to 16.10 billion francs in the first quarter from the revised 13.78 billion francs in the prior three-month period, the Swiss National Bank (SNBN.SW) said Monday.

MT NewswiresJun 24 15:13

Express News | Swiss National Bank cuts interest rates again.

BreakingsJun 22 03:16

Swiss franc appreciates due to the turbulent political situation in Europe as the Swiss National Bank cut interest rates for the second time in a row.

On Thursday local time, the Swiss National Bank announced its latest monetary policy decision and again lowered interest rates by 25 basis points to 1.25%, in line with market expectations.

cls.cnJun 20 18:28

Pan Macro: Swiss National Bank rate cut is not over yet.

June 20th, Guolonghui | Melanie Debono, senior macro economist of Pansun Europe, believes that after the 25 basis point rate cut on Thursday, the Swiss central bank is expected to continue cutting interest rates. The Swiss National Bank believes that the average inflation rate in 2024, 2025 and 2026 will be slightly lower than the March forecast, making its forecast closer to Pansun's macro forecast. Debono said:"The most important thing is that the Swiss National Bank believes that at the end of its forecast range, namely the first quarter of 2027, the inflation rate is only 1%, and we believe that this is the threshold for further interest rate cuts." If the Swiss National Bank forecasts inflation at the end of the period

Gelonghui FinanceJun 20 17:35

Kathryn Macro: Swiss franc unlikely to cut interest rates again this year.

On June 20th, KIT Finance Macro European economist Adrian Prettejohn stated in a report that due to significant inflation pressures, the Swiss National Bank may not cut interest rates again this year. The Swiss National Bank has lowered its key interest rate for the second time in a row, from 1.5% to 1.25%. Labor compensation is growing at a strong pace, while service industry inflation remains high, indicating that potential pressures have not eased. In fact, although the Swiss National Bank slightly lowered inflation forecasts for 2025 and 2026, the magnitude of the reduction is small and does not seem to reflect a significant change in outlook.

Gelonghui FinanceJun 20 17:06

The governor of the central bank stated that the MLF can dilute the policy interest rate color. Will the LPR be independently lowered in the future? Industry insiders: it is very likely in the third quarter, with many precedents before this.

On June 19th, Pan Gongsheng said that in the future, a short-term operation rate of the central bank could be considered the main policy rate. The rate of other monetary policy tools of different maturities can dilute the color of the policy rate and gradually clarify the transmission relationship from short to long; industry insiders interviewed said there is a possibility of independently lowering LPR quotes in the third quarter. Statistical data shows that the LPR rate has been lowered multiple times without the MLF changing, and even significantly reduced.

cls.cnJun 20 16:20