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 has cut the benchmark interest rate by 25 basis points to 1%.
The Swiss National Bank lowered its benchmark interest rate by 25 basis points to 1%, marking the third consecutive rate cut, in line with market expectations.
One graph: 21 central banks have cut interest rates by more than 50 basis points. How will the Swiss National Bank's decision affect the Swiss franc?
The Swiss National Bank will release its interest rate decision at 15:30 on Thursday, September 26th, Beijing time. The median expectation from media surveys indicates that the Swiss National Bank is expected to cut rates by 25 basis points to 1.00%. However, some market players are betting that the Swiss National Bank will cut rates by 50 basis points. Let's take a look at the latest developments in central bank decisions in 168 countries/regions globally, as well as an analysis of the USD/CHF exchange rate.
Swiss franc central bank meeting: Will there be a rate cut of 25 basis points or 50 basis points?
The Swiss National Bank (SNB) is once again ready to cut interest rates. The market currently believes that there is a 49% chance that the SNB will choose to cut interest rates by 50 basis points on Thursday, completely ruling out the possibility of a third consecutive 25 basis points cut to 1.0%.
Swiss authorities sharply lowered their inflation forecasts for the next two years. The Swiss central bank is expected to lower interest rates again next week.
The Swiss government significantly lowered its inflation expectations on Thursday, in line with market expectations that the Swiss central bank will cut interest rates again at its policy meeting next week.
Institutions: Switzerland will cut interest rates three more times this year, but the Swiss franc will continue to perform well!
Swiss private bank J. Safra Sarasin economists forecast that the Swiss National Bank will cut interest rates in September, December, and March. However, the highly uncertain global macroeconomic outlook, the pullback in global bond yields, and the uncertainty of global geopolitics will support the Swiss Franc, and the Swiss Franc is expected to continue to perform well. The institution predicts that by the end of 2024, the USD/CHF exchange rate will be 0.87, by the end of the first quarter of 2025 it will be 0.86, by the end of the second quarter of 2025 it will be 0.85, and by the end of 2025 it will be 0.82.