MSFMAIN Micro CHF/USD Futures(DEC4)
- 1.1305
- -0.0034-0.30%
Micro CHF/USD Futures(DEC4) News
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.
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.
Weak Swiss franc inflation paves the way for further interest rate cuts.
The Swiss franc's inflation rate in August fell from 1.3% the previous month to 1.1%, lower than the expected 1.2%. In April and May, the year-on-year price increase rose to 1.4%, but then began to decline, falling by 0.2% in the past three months.
The August CPI slowdown in Swiss franc is larger than expected, and it is expected to support the Swiss National Bank to cut interest rates again in September.
Swiss inflation slowed more than expected in August, providing support for the central bank to cut interest rates again.
SNB Could Cut Rates to Stem Franc's Strength -- Market Talk
Swiss Central Bank's Stance Could Weigh on Franc -- Market Talk
Unafraid of the prospect of a Swiss National Bank interest rate cut, safe-haven demand pushes the Swiss franc higher.
At the beginning of this week, a wave of risk aversion swept the market, pushing up the Swiss franc and offsetting the impact of further interest rate cuts, and triggering calls for the Swiss National Bank to take further action to cool the franc. The Swiss franc rose to its highest level in nearly a decade against the euro on Monday, following its best performance since early 2022 last week. On Wednesday, Switzerland's largest manufacturing lobbying group called on the central bank to take swift action to prevent the franc's strength from hurting exporters and jeopardizing the economic recovery. The revival of the Swiss franc as a safe-haven asset was due to a combination of factors, including concerns about the US economic recession, geopolitical tensions, and the severe turbulence in the Japanese market.
Swiss National Bank's interest rate cut cycle is nearing its end: economists predict the last rate cut will be in September.
According to a survey conducted from July 5th to 11th, the Swiss National Bank's last interest rate cut of 25 basis points will take place in September. Prior to this, the bank had already cut interest rates twice in March and June.
Second rate cut! The Swiss National Bank announced a 25 basis point cut.
Will there be a third interest rate cut this year?
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.