Second rate cut! The Swiss National Bank announced a 25 basis point cut.

Will there be a third interest rate cut this year?

Gelonghui FinanceJun 20 05:14 ET

Swiss National Bank cuts interest rates again in the hope of supporting the economy and curbing the rise of the Swiss franc.

Swiss National Bank has once again cut interest rates to ease economic constraints and suppress the rise of the Swiss franc, in stark contrast to the hesitancy of other central banks around the world to loosen policies. On Thursday, the Swiss National Bank lowered its benchmark interest rate by 25 basis points to 1.25%, which was previously seen as an unpredictable decision by observers. Some investors bet that the bank would cut interest rates, while a slight majority of economists surveyed by Bloomberg expected the central bank to maintain interest rates. In a statement, the Swiss National Bank stated that "potential inflationary pressures have fallen again compared to the previous quarter." After the interest rate decision was announced, the Swiss franc fell, falling by about 0.4% against the euro and the US dollar.

環球市場播報Jun 20 03:49 ET

SNB Cuts Deposit Rate to 1.25%, as Expected

The Swiss National Bank (SNB) board members decided to cut the benchmark Sight Deposit Rate by 25 basis points (bps) from 1.50% to 1.25%, following its quarterly monetary policy assessment on Thursday.

FXStreetJun 20 03:31 ET

Swiss France Seen Supported by Safe-Haven Bids Even If SNB Cuts Rates -- Market Talk

The Swiss National Bank could cut interest rates in a decision at 0730 GMT but even this is "unlikely to trigger a sharp reversal of Swiss franc strength" given jitters ahead of upcoming French snap elections, says Lee Hardman, senior currency analyst at MUFG, in a note.

WSJJun 20 03:19 ET

The silence of the Swiss National Bank makes interest rate cuts uncertain.

The decision of the Swiss National Bank this week will be another tense event, as officials decide whether to cut interest rates or maintain them. Thursday's decision comes three weeks after Swiss National Bank policymakers last publicized their comments, with investors speculating on the prospect of further action in the market volatility and the appreciation of the Swiss franc. Economists have varying views on the outcome, with a few predicting that Switzerland will be the first country to end its easing cycle. In March, Switzerland's interest rate cut made it the fastest-cutting country among the top 10 trading currencies globally. Compared with other countries,

環球市場播報Jun 19 13:19 ET

The outlook for a rate cut by the Swiss Central Bank remains unclear, with overnight hedge costs for the Swiss franc seeing their largest increase since 2015.

The Swiss National Bank will make the next interest rate decision on Thursday, and it is uncertain whether decision makers will choose to cut interest rates and imply support for the Swiss franc through intervention.

Zhitong FinanceJun 19 07:00 ET