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ECB, Swiss set to cut, but by how much?
A look at the day ahead in European and global markets from Kevin Buckland A momentous couple weeks for global central banks brings policy decisions from two of the biggest on Thursday: the European Central Bank and the Swiss National Bank. Rate cuts by both are not in question, but how deep those cuts will be is still up for debate.The Swiss central bank decides first, and market-implied odds are tilted towards a half-point cut to 0.5%, ramping up in recent weeks after Chairman Martin Schlegel invoked the possibility of a return to negative rates if needed to dampen investor appetite for the safe-haven franc. At the ... (full story)