13. Dezember 2024|
AI
|12 months agoSwiss National Bank Makes Historic 0.5% Rate Cut
In a surprise move, the Swiss National Bank has cut its benchmark interest rate by 0.5%, marking the largest single reduction in recent years and signaling a significant shift in monetary policy.
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Generated IllustrationKey Takeaways
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- The Swiss National Bank cut its key interest rate by 0.5 percentage points to 0.5%.
- Swiss inflation forecast for 2025 has been lowered to 0.3%.
- The Swiss Franc fell 0.3% against the dollar and euro immediately following the announcement.
- Consumer prices in Switzerland rose by only 0.7% annually in November.
- The SNB is prepared to be active on the foreign exchange market if necessary.
By The Numbers
0.5%
New Benchmark Interest Rate
0.3%
2025 Inflation Forecast
2.3%
Eurozone Inflation Rate
1.0%
2024 GDP Growth Forecast
They Said
"Uncertainty about the economic outlook has increased in recent months."
"Since then, inflation has fallen again."
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