To everyone’s surprise, the Swiss National Bank (SNB) decided on Thursday to lower its key interest rate to 1.5%. This rate had been fixed at 1.75% since June 2023, the Swiss central bank having opted for the monetary status quo in September and December.
\nThe SNB is thus initiating a phase of monetary easing earlier than its larger counterparts – the US Federal Reserve (Fed) and the European Central Bank (ECB). The aim was not to be first or last, but to take a decision at the “right time” for Switzerland, said the institution’s President, Thomas Jordan.
\nInflation in Switzerland has been falling steadily in recent months, dropping from 1.7% in December to 1.3% in January and 1.2% in February. Consumer prices are therefore well within the SNB’s price stability target of 0% to 2%. This is considerably less than the 2.6% recorded in the eurozone in February and the 3.2% recorded in the USA in the same month.
\nThe SNB is also optimistic about future price trends. It expects inflation to reach 1.4% this year, compared with 1.9% previously. But “uncertainty remains relatively high. That’s why we will continue to monitor inflation developments closely and, if necessary, adjust our monetary policy further”, warned Thomas Jordan. <\/p>\n
Source: Swissinfo<\/p>\n
The post SNB lowers key rate to 1.5%<\/a> appeared first on Demace Immobilier<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" To everyone’s surprise, the Swiss National Bank (SNB) decided on Thursday to lower its key interest rate to 1.5%. This rate had been fixed at 1.75% since June 2023, the Swiss central bank having opted for the monetary status quo in September and December. The SNB is thus initiating a phase of monetary easing earlier […]<\/p>\n","protected":false},"author":9,"featured_media":21916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-22129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-categorise"],"yoast_head":"\n