SZ SNB Monetary Policy Assessment
It's the primary tool the SNB Governing Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions;
- History
Expected Impact / Date | Description |
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Dec 12, 2024 | |
Sep 26, 2024 | |
Jun 20, 2024 | |
Mar 21, 2024 | |
Dec 14, 2023 | |
Sep 21, 2023 | |
Jun 22, 2023 | |
Mar 23, 2023 | |
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- SZ SNB Monetary Policy Assessment News
- From bnnbloomberg.ca|Dec 12, 2024
Europe’s central banks are taking a determined dovish turn to aid economies bracing for more disruption from Donald Trump’s second stint in the White House. Decisions by policymakers in Frankfurt and Bern on Thursday to cut interest rates left little doubt over the prospect of possible future easing to cushion the effect of unknowns ranging from trade tensions to geopolitically stoked currency volatility. Most drastic was the Swiss National Bank’s surprise half-point reduction to 0.5%, further undoing constriction to reach a level ...
- From cnbc.com|Dec 12, 2024
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would implement a smaller, 25-basis-point cut. Switzerland became the first major economy to loosen its reins on monetary policy in March, implementing four reductions this year in the battle to tame the national currency’s ...
- From snb.ch|Dec 12, 2024|15 comments
The Swiss National Bank is lowering the SNB policy rate by 0.5 percentage points to 0.5%. The new policy rate applies from tomorrow, 13 December 2024. Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 0% above this threshold. The SNB also remains willing to be active in the foreign exchange market as necessary. Underlying inflationary pressure has decreased again this quarter. The SNB’s easing of monetary policy today takes this development into account. The SNB will ...
- From finance.yahoo.com|Dec 12, 2024|1 comment
A look at the day ahead in European and global markets from Kevin Buckland A momentous couple weeks for global central banks brings policy decisions from two of the biggest on Thursday: the European Central Bank and the Swiss National Bank. Rate cuts by both are not in question, but how deep those cuts will be is still up for debate.The Swiss central bank decides first, and market-implied odds are tilted towards a half-point cut to 0.5%, ramping up in recent weeks after Chairman Martin Schlegel invoked the possibility of a return to ...
- From econoday.com|Dec 9, 2024
The economic picture facing the SNB as it prepares for December’s Monetary Policy Assessment (MPA) is little changed from that at the time of the September report. Indeed, inflation has fallen even further and is threatening to slide back below zero, the domestic economy remains sluggish and an already uncomfortably strong Swiss franc has continued to appreciate. Just a few weeks ago, the SNB was insisting that additional interest rate cuts should not be taken for granted. However, by late last month, Chairman Martin Schlegel was ...
- From think.ing.com|Sep 26, 2024
The Swiss National Bank has cut its key rate by 25bp to 1% as expected, given the sharp fall in inflationary pressures. Inflation in Switzerland came in at 1.1% in August, from 1.3% in July, which is within the SNB's target range of 0-2%, but much lower than the SNB had expected. This is due to the fact that the rise in the price of imported goods and services was much weaker than expected following the appreciation of the Swiss franc. The SNB has revised its conditional inflation forecasts downwards considerably. It now expects ...
- From cnbc.com|Sep 26, 2024
The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The trim, which had been anticipated by 30 of 32 analysts surveyed in a Reuters poll, marked the SNB’s third interest rate reduction of 2024. It was the first major Western central bank to reduce interest rates back in March. The third trim comes amid similar signals from the European Central Bank and the U.S. Federal Reserve, which took the long-awaited plunge to slim down its ...
- From snb.ch|Sep 26, 2024
The Swiss National Bank is lowering the SNB policy rate by 0.25 percentage points to 1.0%. The change applies from tomorrow, 27 September 2024. Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 0.5% above this threshold. The SNB also remains willing to be active in the foreign exchange market as necessary. Inflationary pressure in Switzerland has again decreased significantly compared to the previous quarter. Among other things, this decrease reflects the appreciation ...
Released on Dec 12, 2024 |
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Released on Sep 26, 2024 |
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