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6minutes ago

Swiss Central Bank Cuts Rate for Second Time, Underlining European Divergence

Switzerland's central bank Thursday cut its key interest rate for the second straight meeting, a move that underlined the divergence between European policy makers and their counterparts at the Federal Reserve as their efforts to tame inflation enter what they hope will be the final stretch.

WSJ14minutes ago

Switzerland Trims Key Interest Rate to 1.25% in Second Cut of the Year

The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed among major economies.

CNBC18minutes ago

SNB Could Cut Rates But Decision Is 'Very Close Call' -- Market Talk

Bank of America Securities expects the Swiss National Bank to cut interest rates in a decision at 0730 GMT, following up on March's rate cut, due to falling inflation and a rising currency, but the outcome is a "very close call," the bank's analysts say in a note.

WSJ49minutes ago

SNB Rate Cut Could Cause Swiss Franc to Weaken -- Market Talk

Swiss inflation remains well under 2% and is tracking the SNB's March forecast, he says in a note.

WSJ02:53 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13:19 ET