Yen Softens, Euro Faces ECB Spotlight

SNB’s Tschudin: Swiss Economy Grew Strongly In Q1, Mainly Due To Exports To US Being Brought Forward - Expects Swiss Economic Growth To Slow, And Be Subdued In Rest Of 2025 - Economic Outlook For Switzerland Uncertain, Developments Abroad Are Main Risk SNB’s Tschudin: Sees Negative Money-Market Rates From Tomorrow

SNB Chairman Schlegel: With Today's Cut We Are Countering Lower Inflationary Pressure Inflationary Pressure Has Decreased - Negative Rates Were Important Instrument In The Past - We Are Aware Of Undesirable Effect Of Negative Interest Rates SNB Chairman Schlegel: We Would Not Take The Decision To Go Negative Lightly - Interest Rate Cut Driven By Lower Inflation - Negative Rates Have Challenges - We Can Never Exclude Any Measures On Interest Rates SNB Chairman Schlegel: We Believe Growth Will Be Dampened In Rest Of Year Because Of High Level Of Uncertainty - We Have Seen A Clear Decline In Inflation, But We Must Not React A Single Data Point - We Look At Medium Term

The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term ...