Switzerland (SNB) - Interest rate decision. Actual: 1.75%. Forecast: 2.00%. Previously: 1.75%
The Swiss National Bank held its interest rate unchanged at 1.75% as the central bank paused its cycle against inflation which has recently ebbed lower in Switzerland, marking the first time the central bank has not hiked rates since March 2022.
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Open real account TRY DEMO Download mobile app Download mobile appSNB sees 2023 inflation at 2.2%; 2024 at 2.2%; 2025 at 1.9% - The significant tightening of monetary policy over recent quarters is countering remaining inflationary pressure - SNB added. Nevertheless, from today’s perspective, it cannot be ruled out that a further tightening of monetary policy may become necessary to ensure price stability over the medium term.
Source: SNB
Medium term inflation forecast was revised lower. Source: SNB
Source: xStation 5
