Read more
8:48 AM ยท 21 March 2024

BREAKING: SNB unexpectedly cuts interest rates; CHF under pressure ๐Ÿ“‰

The Swiss National Bank unexpectedly decided to cut interest rates by 25 basis points to 1.50%, surprising the market, which had anticipated that SNB would maintain rates at their current level. In response to SNB's decision (with the money market having priced in such a turn of events at nearly 38%), the Swiss franc has significantly weakened against the Polish zล‚oty.

Bankers' comments following the SNB decision include:

  • The easing of policy was made possible by the effective fight against inflation.
  • Inflation is likely to remain within the range below 2% over the next few years.
  • Today's easing ensures that monetary conditions will remain appropriate.
  • Inflation in 2024 is projected at 1.4% (previously 1.9%).
  • Inflation in 2025 is expected to be at 1.2% (previously 1.6%).

Source: xStation

5 December 2025, 6:56 PM

Daily Summary: Wall Street ends the week with a calm gain ๐Ÿ—ฝ Cryptocurrencies slide

5 December 2025, 3:01 PM

BREAKING: US PCE inflation in line with expectations ๐Ÿ”ŽUoM prelim data slightly higher

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada๐ŸUSDCAD sharply declines๐Ÿ“‰

5 December 2025, 11:42 AM

DE40: Adequate data, Mild growth

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits