SNB Generation Change Keeps Policy Steady, Says Board Member

Generational Change, Same Policy Commitment

FEB 15 - In a recent interview with Neue Zuercher Zeitung, governing board member Petra Tschudin emphasized that the generational shift at the top of the Swiss National Bank (SNB) does not alter its unwavering commitment to maintaining low inflation. Despite the recent leadership change—Thomas Jordan stepped down last September after a 12-year tenure as chairman and was succeeded by Martin Schlegel—the core tasks, instruments, and processes remain unchanged.

DeepSeek Concerns Propel Yen and Swiss Franc Higher, Dollar Declines

Yen and Swiss Franc Surge Amid Safe-Haven Demand

JAN 28 - On Monday, the Japanese yen and the Swiss franc experienced significant gains against major currencies, while the U.S. dollar saw a notable decline. This movement was driven by investors seeking safe-haven assets amidst a selloff in technology stocks, triggered by the launch of China’s DeepSeek, a free open-source artificial intelligence (AI) model.

Swiss Inflation Declines Further, Strengthening Expectations for SNB Rate Cuts and Impacting the Swiss Franc

December Inflation Falls Below Expectations

Swiss inflation continued its downward trend in December, registering a 0.6% increase compared to the same month last year, according to the Federal Statistics Office. This marks the fourth consecutive month with annual inflation below 1%, aligning perfectly with the consensus forecast from a Reuters poll of analysts. The slight decrease from 0.7% in November underscores the persistent disinflationary pressures within the Swiss economy.

Swiss Franc Plummets After SNB's Largest Rate Cut in a Decade

Swiss National Bank's Aggressive Rate Reduction

DEC 12 - On Thursday, the Swiss National Bank (SNB) made a significant move by cutting its key policy rate by 50 basis points, reducing it from 1.0% to 0.5%. This marks the largest rate reduction in nearly ten years, aiming to stay ahead of anticipated cuts by other central banks and to curb the rapid appreciation of the Swiss franc.

Swiss National Bank Implements Largest Rate Cut in Nearly a Decade Amid Low Inflation and Franc Pressures

SNB's Historic 50 Basis Point Rate Cut

On Thursday, the Swiss National Bank (SNB) executed a significant 50 basis point reduction in its key policy rate, lowering it from 1.0% to 0.5%. This marks the largest rate cut in almost ten years, as the SNB aims to preempt similar reductions by other central banks and to mitigate the rising strength of the Swiss franc.

SNB's Historic 50 Basis Point Rate Cut

DEC 12 - On Thursday, the Swiss National Bank (SNB) executed a significant 50 basis point reduction in its key policy rate, lowering it from 1.0% to 0.5%. This marks the largest rate cut in almost ten years, as the SNB aims to preempt similar reductions by other central banks and to mitigate the rising strength of the Swiss franc.