Swiss Franc Might Remain Firm on ECB Rate Cuts, Safe-Haven Demand -- Market Talk
swiss franc inflation fell in October, and the probability of a significant interest rate cut in November increased!
Swiss inflation has once again fallen, raising the possibility of the Swiss National Bank implementing negative interest rates. In October, Switzerland's Consumer Price Index (CPI) fell by 0.1% month-on-month, with the year-on-year growth rate dropping to 0.6%, below the Swiss National Bank's expectation of 1.0% average inflation for the fourth quarter. Following the news release, the Swiss franc depreciated against all G10 currencies. Deutsche Bank forex analyst George Saravelos said: "Swiss inflation data further fell into deflationary territory, and we believe the likelihood of negative interest rates has once again increased." The next Swiss National Bank decision will be held on December 12 at 16:30 Beijing time.
Swiss inflation drops to the lowest level in three years, the central bank is determined to cut interest rates in December.
In October, the inflation rate in swiss franc decreased to the lowest level in more than three years, indicating that the Swiss National Bank will further cut interest rates in both this year and 2025.
Swiss National Bank Vice President Martin: further interest rate cuts may be implemented this year, eventually considering a negative interest rate.
Swiss National Bank Vice President Antoine Martin said on Thursday that the Swiss National Bank may cut interest rates again this year due to the moderate economic growth and low inflation rate in Switzerland. "Due to Switzerland's relatively low inflation rate, and economic growth can be faster, this tends to lower the policy rate," Martin said at an event organized by the Swiss Financial Analysts Association in Zurich. Martin mentioned the remarks of other officials from the Swiss National Bank who stated last month that they may cut interest rates again. Martin
Swiss Market Index Joins European Rally
swiss franc inflation rate in September fell to a new low in three years, swiss franc central bank is expected to further cut interest rates.
Swiss franc inflation rate in September dropped to the lowest level in over three years, indicating that the country's central bank is expected to further loosen monetary policy.