Gold Ten Data, December 12th news, the Swiss Central Bank unexpectedly increased its easing measures today, cutting interest rates by 50 basis points, which put pressure on the Swiss franc. Previously, the market generally expected that the Swiss Central Bank would only cut interest rates by 25 basis points. After the interest rate decision was announced, the Swiss franc fell by about 0.6% against the euro, further away from the near ten-year high reached last month. Swiss Central Bank officials stated in a statement that "the Swiss Central Bank is still willing to actively participate in the forex market when necessary. The Swiss Central Bank will continue to closely follow the situation and adjust the monetary policy when necessary to ensure that inflation remains within the range consistent with medium-term price stability." This is also the Swiss Central Bank's largest interest rate cut in the current cycle. Karsten Junius, chief economist of the Swiss bank, had predicted this move and expects two more interest rate cuts of 25 basis points in the first half of next year. He said: "currently, inflation risks are declining, economic growth is lower than potential levels, and Switzerland's main exports are struggling with structural and cyclical problems."
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
İsviçre Merkez Bankası beklenmedik şekilde faizleri 50bp düşürdü, bu da İsviçre frangı üzerinde baskı oluşturdu
Gold Ten Data, December 12th news, the Swiss Central Bank unexpectedly increased its easing measures today, cutting interest rates by 50 basis points, which put pressure on the Swiss franc. Previously, the market generally expected that the Swiss Central Bank would only cut interest rates by 25 basis points. After the interest rate decision was announced, the Swiss franc fell by about 0.6% against the euro, further away from the near ten-year high reached last month. Swiss Central Bank officials stated in a statement that "the Swiss Central Bank is still willing to actively participate in the forex market when necessary. The Swiss Central Bank will continue to closely follow the situation and adjust the monetary policy when necessary to ensure that inflation remains within the range consistent with medium-term price stability." This is also the Swiss Central Bank's largest interest rate cut in the current cycle. Karsten Junius, chief economist of the Swiss bank, had predicted this move and expects two more interest rate cuts of 25 basis points in the first half of next year. He said: "currently, inflation risks are declining, economic growth is lower than potential levels, and Switzerland's main exports are struggling with structural and cyclical problems."