DeepSeek Concerns Propel Yen and Swiss Franc Higher, Dollar Declines
January 28, 2025Yen 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.
Read MoreSwiss Inflation Declines Further, Strengthening Expectations for SNB Rate Cuts and Impacting the Swiss Franc
January 07, 2025December 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.
Read MoreSwiss Franc Plummets After SNB's Largest Rate Cut in a Decade
December 12, 2024Swiss 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.
Read MoreSwiss National Bank Implements Largest Rate Cut in Nearly a Decade Amid Low Inflation and Franc Pressures
December 12, 2024SNB'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.
Read MoreSwiss National Bank Poised for Further Rate Cuts Amid Low Inflation
December 09, 2024SNB Expected to Cut Interest Rates in December
The Swiss National Bank (SNB) is anticipated to reduce its key policy rate by 25 basis points on December 12, according to an overwhelming majority of over 85% of economists polled by Reuters. This move aligns with ongoing efforts to manage Switzerland's economic landscape in light of subdued inflation rates.
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