The ‘summer of easing’ is something discussed at length recently in these pages, though in the central banking world summer appears to have arrived early, with the Swiss National Bank (SNB) having become the first G10 central bank to deliver a rate cut this cycle at their March meeting, as domestic inflation settles towards the bottom of the SNB’s target range. Nevertheless, although the SNB may have won the ‘race’ to deliver the first cut, other G10 central banks remain highly likely to follow in relatively short order. The ECB, for instance, have all but pre-committed to a rate cut in June, despite retaining a ... (full story)