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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.
Swiss franc central bank officials remain silent, again raising expectations of interest rate cuts.
The Swiss National Bank will announce its interest rate decision on Thursday.
SNB Silence Sets Up Another Rate-Cut Cliffhanger
The Swiss National Bank decision this week is set to be another nail-biter on whether officials will cut their interest rate or stay on hold.
Watch Swiss Central Bank's Language on FX Says Goldman Sachs
The Swiss franc could benefit even if the central bank cuts interest rates again on Thursday because its explanation is likely to confirm an aversion to further inflationary losses for the currency, according to Goldman Sachs strategists.
Swiss Government More Upbeat on Growth, Inflation This Year
Switzerland’s government lowered its forecast for 2024 inflation for a second time, a move that helps explain why the central bank might cut interest rates again when officials meet later this week.
Switzerland's Economic Growth in 2024 to Come in Well Below Average – SECO
In its March economic forecasts, Switzerland’s State Secretariat for Economic Affairs (SECO) said that the “Swiss government sees the economic growth in 2024 to come in well below average.”