Switzerland becomes first major economy to cut interest rates in surprise move

Cutting interest rates: Who will follow the Swiss?

It seems all but certain that the tightening cycle that began two years ago is close to an end. Read more at straitstimes.com.

Switzerland becomes first developed economy to cut interest rate

ZURICH — The Swiss National Bank cut interest rates on Thursday — the first to do so among the major central banks, saying the battle against inflation was working almost two years after launching its monetary tightening campaign. The SNB eased its monetary policy and cut its rate by 0.25 percentage points to 1.5 per cent, effective from Friday, in its first interest rate cut since it began to hike them in June 2022. In a busy week for central b…

The Swiss central bank surprised with an interest rate cut on Thursday and the US Federal Reserve also wants to take this step soon.

Switzerland becomes 1st major economy to cut interest rates

Swiss National Bank cuts its policy rate 25 basis points to 1.50%, in surprise move - Anadolu Ajansı

The Swiss National Bank surprisingly marks the end of the interest rate cycle. As one of the first major central banks, it unexpectedly lowered its benchmark interest rate - fueling expectations that other central banks may follow suit soon.

Switzerland becomes first major economy to cut interest rates, citing inflation below 2%

The Swiss National Bank said Thursday it is cutting interest rates by 0.25 points to 1.5%, effective Friday. It declared the cut is happening because the fight against inflation in Switzerland has been effective.