Rate cut expected today

Swiss National Bank

It’s expected the Swiss National Bank will cut interest rates further today.

The Bank has a new chairman, Martin Schlegel, who took up the position in October.

Rates have already been cut by three quarters of a percent this year – and analysts expect a further 25 basis point reduction today, taking rates to point 75%. 

There are some economists who expect an even harsher cut of half a percent. 

The Bank has already warned we may re-enter negative rates again in the future. 

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