A Bloomberg survey of economists indicates that the Swiss National Bank (SNB) will begin lowering interest rates in June. However, a Reuters poll suggests the SNB will wait until at least June before cutting rates modestly. The SNB is expected to keep the policy rate unchanged at 1.75% on March 21, with a split opinion among economists on a potential 25 basis points cut. Switzerland's government has revised its inflation forecasts for 2024 and 2025 to 1.5% and 1.1%, respectively, citing weaker price growth at the beginning of the year, potentially leading to an earlier-than-expected rate cut from the SNB.
Swiss government cuts its inflation forecast to 1.5% this year https://t.co/OtAQGO3mar via @bbenrath https://t.co/TusLSIHTNR
Switzerland’s government cuts its inflation forecast owing to weaker price growth at the start of the year, a piece of evidence that could support an earlier-than-expected cut from the SNB this week https://t.co/a32quX8PJg
🔴 SWISS GOVERNMENT SEES 2025 CPI AT +1.1% (PREVIOUS FORECAST WAS +1.1%).
🔴 SWISS GOVERNMENT SEES 2024 CPI AT +1.5% (VS PREVIOUS FORECAST +1.9%).
SNB to wait until at least June before cutting rates modestly - Reuters poll https://t.co/TXg98Jl5b4 https://t.co/s1qiSZewrH
SNB To Wait Until At Least June Before Cutting Rates Modestly - MS https://t.co/4bNIx1yf5V
🔴 THE SWISS NATIONAL BANK ARE TO KEEP POLICY RATE UNCHANGED AT 1.75% ON MARCH 21, SAID 25 OF 32 ECONOMISTS, 7 SAY A 25BPS CUT - POLL.
SNB to start cutting interest rates in June, survey shows https://t.co/MXT2TqD6OC via @bbenrath https://t.co/hXhwGGv7WO
The Swiss National Bank will start lowering interest rates in June, according to a Bloomberg survey of economists https://t.co/KhPu63mQnk