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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

11 February 2026, 1:31 PM

BREAKING: US100 jumps amid stronger than expected US NFP report

11 February 2026, 8:30 AM

Economic calendar: NFP data and US oil inventory report ๐Ÿ’ก

11 February 2026, 6:33 AM

Morning Wrap: Dollar in a trap, all eyes on NFP ๐Ÿ›๏ธ(February 11, 2026)

10 February 2026, 1:31 PM

BREAKING: US RETAIL SALES BELOW EXPECTATIONS

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