The Swiss National Bank (SNB) announced on Thursday its decision to cut its policy rate by 0.25 percentage points to 0.25%, effective March 21, 2025.In its statement, the bank stressed that the move is "ensuring that monetary conditions remain appropriate, given the low inflationary pressure and the...
The Swiss National Bank (SNB) reported on Monday a record annual profit of 80.7 billion Swiss francs for 2024, marking a recovery from its 3.2 billion Swiss franc loss in 2023.The latest figure surpasses the SNB's previous profit of 54 billion Swiss francs in 2017. The central bank, which manages...
Swiss National Bank (SNB) Governing Board Chairman Martin Schlegel told SRF on Monday that the institution could consider taking its interest rates negative if the circumstances demanded so.
The policymaker said that doing so is not a preferred option but still, one that cannot be excluded. He...
The Swiss National Bank (SNB) projected in its quarterly bulletin published on Wednesday that the country's gross domestic product (GDP) will grow by 1% in 2024 after a "moderate" expansion in the fourth quarter and between 1% and 1.5% in 2025.The SNB noted the global geopolitical uncertainties...
Swiss National Bank (SNB) Chairman Martin Schlegel reaffirmed Thursday that while the central bank does not favor negative interest rates, they remain effective and could be reintroduced if necessary."At the current juncture we cannot exclude negative interests rates in the future," Schlegel...
The Swiss National Bank (SNB) announced on Thursday that it had decided to lower its policy rate by 50 basis points (bps) to 0.50%, effective December 13.The SNB's decision comes as "underlying inflationary pressure has decreased again this quarter," with annual inflation dropping from 1.1% in...
The Swiss National Bank (SNB) said in its quarterly bulletin on Wednesday that economic growth is likely to slow down slightly in the third quarter. "Signals in manufacturing and services remain mixed, although the divergence between the two sectors has narrowed somewhat," the bank said, as...
Swiss National Bank (SNB) Chairman Thomas Jordan said on Thursday that further interest rate cuts "may be necessary" after the SNB delivered a 25-basis point cut today, reducing the key rate to 1%. He noted that the Swiss economic growth is expected to be "rather modest" in the coming...
The Swiss National Bank (SNB) announced on Thursday its decision to slash its benchmark sight deposit rate by 25 basis points (bps) to 1.00%, denying some analysts' guesses of a 50-bps reduction.The institution explained its move was based on Switzerland's annual inflation rate hitting...
The Swiss National Bank (SNB) will publish its interest rate decision on Thursday, causing speculation about the size of the potential cut. Market analysts are widely projecting a reduction in rates, which could be the third one this year, but uncertainty remains about whether the SNB will opt for a 0.25 or...
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