SNB sees subdued growth for the rest of 2025 - Breaking The News

SNB sees subdued growth for the rest of 2025

25 June

1 min read

EPA/PETER SCHNEIDER

The Swiss National Bank (SNB) said in its report on Wednesday that, while the economic growth was strong in the first quarter, it is likely to be "rather subdued" for the rest of the year due to the appreciation of the Swiss franc in recent months and weaker global demand. The gross domestic product is expected to add 1% to 1.5%, while inflation expectations remain within the range consistent with price stability.

The SNB noted that yields on Confederation bonds and Swiss share prices declined significantly in the second quarter. Growth in residential real estate prices and mortgage lending was stronger than in the previous quarter, and growth in the broad monetary aggregates picked up.

inflation gdp snb

Fed's Miran says he was only advocate for 50 pbs cut

19 September

Recently appointed Federal Reserve Board of Governors member Stephen Miran claimed on Friday that he was the only one who supported a 50 basis point interest rate cut in this week's monetary policy meeting, emphasizing that US President Donald Trump did not request "any specific actions" before the meeting.In an interview with CNBC, Miran said he will try to persuade his colleagues to support major rate cuts in future meetings, adding that prolonged...

EU growth likely to slightly exceed 1.1% forecast in 2025

19 September

European Commissioner for Economy Valdis Dombrovskis said on Friday that the European Union's economic activity grew at a faster pace than expected in the first half of the year, with 2025 growth predicted to be slightly higher than the previous 1.1% forecast. Dombrovskis said momentum is set to slow down in 2026, reflecting "numerous headwinds," including a slower rise in global trade, uncertainty and geopolitical turbulence. However, he stressed that...

Japan's inflation down from 3.1% to 2.7% in August

18 September

Japan's consumer inflation slowed in August, with the nationwide consumer price index rising 2.7% from a year earlier, data by the Statistics Bureau of Japan showed on Friday. The figure came in below the 3.1% increase in July and slightly under the market estimate. The index excluding fresh food also climbed 2.7%, matching forecasts but down from 3.1% the previous month. Prices excluding both fresh food and energy rose 3.3%, easing from 3.4% in July.

Powell: Tariffs already lifting some prices

17 September

Federal Reserve Chair Jerome Powell said Wednesday that "tariffs are already pushing up prices in some categories," though their broader impact remains uncertain. He noted that "the moderation in growth largely reflects a slowdown in consumer spending," while business investment has strengthened. Housing activity, however, "remains weak."Powell described a softer labor market, with payroll job gains averaging just 29,000 per month, "below the...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.