Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength

Swiss central bank announces big rate cut to boost economy

Geneva, Switzerland — The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising “uncertainty” about the economic outlook due to the potential impact of Donald Trump’s policies and political turmoil in Europe. The Swiss National Bank (SNB) lowered its main rate by a half-percentage-point to 0.5 percent, its fourth cut since […]...Keep on reading: Swiss central bank announces big rate cut to boost economy

In his first interest rate decision as President of the SNB, Martin Schlegel cuts the key interest rate more than expected. The effect will probably be marginal.

Swiss National Bank Surprises With Jumbo Rate Cut - Nemos News Network

By Charlotte de Montpellier and Chris Turner, senior strategists at ING Economics Once again, the Swiss National Bank decided to surprise the markets with a 50bp rate cut, compared with the expected 25bp cut. The SNB’s key rate is now 0.5%, compared with 1% previously The SNB justified this measure by the fact that inflationary pressures have eased further. While consumer price inflation stood at 1.1% in August, it fell to 0.7% in November, wit…

Why Switzerland's central bank made a surprisingly big interest rate cut

The Swiss central bank announced a surprisingly large interest-rate cut on Thursday as it cited rising "uncertainty" about the economic outlook due to future US policies and political turmoil in Europe.

European stocks rise after surprise Swiss rate cut

European stock markets rose Thursday as the Swiss central bank made a bigger-than-forecast interest rate cut before eurozone policymakers are expected to trim the bloc's own borrowing costs again. The Swiss National Bank surprised markets with a 50-basis-point reduction in its rate, citing slowing inflation and "uncertainty" over the global economy due to future US

Swiss National Bank's biggest rate cut in nearly a decade

The Swiss National Bank has today cut its interest rate by 50 basis points, the biggest reduction in almost 10 years as it sought to stay ahead of expected cuts by other central banks and cap the rise of the Swiss franc.