All articles tagged with #snb
Originally Published 6 months ago — by CNBC
The Swiss National Bank has cut interest rates to 0%, entering an era of zero or potentially negative rates, to counteract deflation and a strong Swiss franc, which has been suppressing inflation. While this move aims to stabilize prices, it raises concerns about the impact on savers, banks, and financial stability, with some analysts predicting rates could go as low as -0.75%.
Originally Published 1 year ago — by ForexLive
Swiss National Bank (SNB) chairman Thomas Jordan stated that the rate cut is not a parting gift and emphasized the independence of their decisions from other central banks. The SNB does not provide forward guidance on future interest rates and will reassess the situation in three months. Despite the franc's recent weakening, the SNB may intervene to stabilize the currency if necessary, as they did last year to control imported inflation.
Originally Published 2 years ago — by ForexLive
The week ahead will feature key central bank meetings including the FOMC, ECB, BoE, and SNB, as well as important economic data releases such as US CPI and Chinese activity data. The FOMC is expected to maintain rates but may provide insights into future rate cuts. The ECB is likely to keep rates unchanged but may revise growth and inflation projections for 2024. The BoE is expected to hold rates steady and focus on inflation and wage growth. The SNB is expected to leave rates unchanged but may adjust its FX language.