Swiss National Bank Lowers Rate

This is a news story, published by Trading Economics, that relates primarily to The Swiss National Bank news.

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Swiss National Bank

Trading Economics

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Swiss National Bank cuts key policy rate by 25 bps to 1.25% in June 2024

Summary

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87% Informative

The Swiss National Bank reduced its key policy rate by 25 bps to 1.25% in June 2024 , following a similar move in the previous meeting.

This adjustment aims to maintain appropriate monetary conditions, with inflation currently driven mainly by higher prices for domestic services.

The SNB expects moderate GDP growth of around 1% in 2024 and 1.5% in 2025 , with a slight rise in unemployment and normal utilization of production capacity.

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Informative language

Neutral language

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formal

Language

English

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not offensive

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not hateful