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Micro CHF/USD Futures(SEP4) News
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.
Swiss France Seen Supported by Safe-Haven Bids Even If SNB Cuts Rates -- Market Talk
The Swiss National Bank could cut interest rates in a decision at 0730 GMT but even this is "unlikely to trigger a sharp reversal of Swiss franc strength" given jitters ahead of upcoming French snap elections, says Lee Hardman, senior currency analyst at MUFG, in a note.
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,
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's Jordan: Monetary Policy Should Remain Focused on Inflation
Swiss National Bank (SNB) Chairman Thomas Jordan told Switzerland's national broadcast on Saturday that monetary policy should remain focused on price stability, per Reuters.
Swiss Trade Surplus Rises in Q1
Switzerland's trade surplus grew to 8.65 billion francs in the first quarter of 2024 from 8.11 billion francs in the prior three-month period, the Federal Office for Customs and Border Security said Thursday.
Swiss Monthly Producer, Import Prices Up 0.1% in March
Switzerland's monthly producer and import price index edged up 0.1% in March, unchanged from February, data from the Federal Statistical Office showed Monday.
Swiss Consumer Confidence Improves in March
Switzerland's consumer confidence indicator climbed to -38 points in March from -42.3 points in February, government data showed Friday.
Swiss Manufacturing PMI Rises in March, Tops Estimate
Switzerland's manufacturing PMI climbed to 45.2 in March from 44 in February, according to procure.ch and Credit Suisse data published Tuesday.
Swiss Current Account Surplus Declines in Q4 2023
Switzerland's current account surplus contracted to 15.43 billion francs in the fourth quarter of 2023, from the revised 17.85 billion francs in the prior three-month period, the Swiss National Bank (SNBN.SW) said Friday.
SNB's “raid” to cut interest rates kicks off global easing, traders find a “new weapon”
The SNB unexpectedly cut interest rates, kicking off a global easing cycle. As the Swiss central bank prepares for further interest rate cuts in the future, traders may see the Swiss franc as a new funding currency.
Analysts say the Swiss franc will continue to be under pressure after the Swiss central bank “raided” interest rate cuts
After the SNB unexpectedly cut interest rates, the Swiss franc may continue to be under pressure and even fall to an eight-month low.
SNB Currency Interventions Likely to Be Rare -- Market Talk
The Swiss franc still looks to be too strong in real terms but the Swiss National Bank is unlikely to make frequent interventions in the near term, Karsten Junius, chief economist at Safra Sarasin Sustainable Asset Management, says in a note.
SNB's Lower Inflation Forecasts Heighten Chance of June Rate Cut -- Market Talk
The SNB is very likely to cut its key interest rate again in June to 1.25%, barring a surprise that causes new inflationary pressures, ING economists say in a note.
Swiss Franc to Slump After 'Remarkable' SNB Cut, Analysts Say
The Swiss franc is likely to stay under pressure after a surprise interest-rate cut by the country’s central bank showed policymakers are acting more forcefully to prevent any appreciation in the currency.
Swiss Central Bank Unexpectedly Kicks Off The Rate Cutting Cycle, Notes ING
The Swiss central bank (SNB) -- known for its sometimes unexpected decisions -- once again decided to take everyone by surprise and cut its key rate by 25bps to 1.5% at Thursday's policy meeting, said ING.
Swiss Rate-Cut Curve Ball Can't Be Ignored as Banks Turn Against the Franc
A handful of banks expect Switzerland’s policymakers will go against forecasts and cut interest rates in their first decision of the year.
Swiss Central Bank Reduced Its Push to Prop Up Franc in Fourth Quarter
The Swiss National Bank reduced its sales of foreign exchange in the fourth quarter as the franc soared against the euro.