08:30 AM BST, Switzerland - SNB Interest Rate Decision (Q2) for December:
- actual 0.00%; forecast 0.00%; previous 0.25%;
The Swiss National Bank (SNB) cut its policy rate by 25 basis points to 0%, effective June 20, 2025, in response to falling inflation, which dropped to -0.1% in May. The move is aimed at countering reduced inflationary pressure, with the SNB signaling readiness to adjust policy further if needed.
The updated inflation forecast remains within the price stability range, now seen averaging 0.2% in 2025, 0.5% in 2026, and 0.7% in 2027. While Switzerland's GDP growth was strong in Q1 due to early US-bound exports, the SNB expects more moderate growth of 1–1.5% for both 2025 and 2026, with slight rises in unemployment and global risks—especially trade tensions—posing key uncertainties. SNB also underscore its readiness to intervene on FX market as needed.
US100 loses 1% 📉
Technical look: Gold falls from the record high🔔
Bitcoin loses momentum falling to $111k 📉Ethereum loses 3%
Ericsson surprises with results. Shares rise following new Vodafone deal
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
