SNB

Swiss Economists Predict Significant Chance of SNB Half-Point Rate Cut

2 months ago

Swiss economists are beginning to express opinions on the likelihood of a significant reduction in the Swiss National Bank (SNB) interest rate by 50 basis points. This statement comes in the context of increasing uncertainty in the global economy and weakening economic indicators in the country. Given the current circumstances, such as inflationary pressures and recent economic reports, experts believe that this step could help stimulate economic activity in Switzerland.

Swiss Watchmakers Urge SNB to Act on Franc Amid Export Slump

2 months ago

Swiss watchmakers have appealed to the Swiss National Bank (SNB) to intervene to stabilize the Swiss franc's exchange rate. This call comes in response to significant declines in export volumes that the industry has been experiencing in recent months. Watch companies express heightened concerns over the strengthening of the franc, which makes Swiss watches less competitive in international markets.

Swiss Inflation Slows as SNB Prepares September Rate Cut

3 months ago

According to the latest data released in Switzerland, the country’s inflation rate has significantly slowed, strengthening expectations for a potential rate cut by the Swiss National Bank (SNB) in September. The report published by the Swiss Federal Statistical Office indicates that the Consumer Price Index (CPI) increased by only 1.6% year-on-year in August, marking the lowest figure in several months.

Swiss Franc: A Key Factor for Low Inflation According to SNB President

3 months ago

The President of the Swiss National Bank (SNB), Thomas Jordan, stated that the strong value of the Swiss franc played a crucial role in maintaining the country's low inflation levels. According to him, the strength of the franc has been an important tool in combating inflationary pressures observed in the global economy.

Swiss National Bank Cuts Limit for Banks to Earn Full Interest on Deposits

3 months ago

The Swiss National Bank (SNB) has decided to reduce the limit for banks to earn the full interest rate on funds placed in deposits. This new measure comes into effect as the SNB aims to enhance financial stability and improve the effectiveness of monetary policy amidst a changing financial landscape.