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Swiss National Bank eases monetary policy and lowers SNB policy rate to 1.5%
The Swiss National Bank is lowering the SNB policy rate by 0.25 percentage points to 1.5%. The change applies from tomorrow, 22 March 2024. Banks’ sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold, and at 1.0% above this threshold. The SNB also remains willing to be active in the foreign exchange market as necessary. The easing of monetary policy has been made possible because the fight against inflation over the past two and a half years has been effective. For some months now, inflation has been back below 2% and thus in the range the SNB equates with price ... (full story)
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SNB SEES 2024 INFLATION AT 1.4%, 2025 AT 1.2% AND 2026 AT 1.1%.
— FinancialJuice (@financialjuice) March 21, 2024
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SNB: MOMENTUM IN THE MORTGAGE AND REAL ESTATE MARKETS HAS WEAKENED NOTICEABLY IN RECENT QUARTERS. HOWEVER, THE VULNERABILITIES IN THESE MARKETS REMAIN.
— FinancialJuice (@financialjuice) March 21, 2024
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SNB: THE WEAK DEMAND FROM ABROAD AND THE APPRECIATION OF THE SWISS FRANC IN REAL TERMS OVER THE PAST YEAR ARE HAVING A DAMPENING EFFECT.
— FinancialJuice (@financialjuice) March 21, 2024
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SNB: WE ARE WILLING TO BE ACTIVE IN FOREIGN EXCHANGE.
— FinancialJuice (@financialjuice) March 21, 2024
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