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The Swiss National Bank (SNB) board members decided to cut the benchmark Sight Deposit Rate by 25 basis points (bps) from 1.50% to 1.25%, following its quarterly monetary policy assessment on Thursday. This decision aligned with market expectations. In March, the SNB made a surprise 25 bps rate reduction to 1.50%, becoming the first major central bank to ease its tighter monetary policy. Summary of the SNB Policy Statement: Recent quarters have seen weaker momentum in the mortgage and real estate markets compared to previous years. The SNB remains ready to intervene in the foreign exchange market if necessary. Overall …
Leggi di piu »SNB Reduces Deposit Rate to 1.25%, Meeting Expectations
