- The Swiss National Bank cut its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment on monetary policy easing remains mixed across major economies.
- The Swiss franc fell following the announcement, with the euro rising 0.3% and the US dollar rising 0.5% against the Swiss currency.
- Following Thursday's decision, the SNB confirmed its inflation forecasts at 1.3% for 2024, 1.1% for 2025, and 1% for 2026, with the figures assuming the SNB's interest rate should be 1.25% over the forecast period.
