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SNB Introductory remarks, news conference
Ladies and gentlemen On behalf of the Governing Board, it is my pleasure as Chairman to welcome you to the SNB’s news conference. Petra Tschudin and I will begin by explaining the monetary policy decision and looking at inflation and economic developments. Antoine Martin will then present the Financial Stability Report. After our introductory remarks, we will as usual be pleased to take any questions you may have. Monetary policy decision I will begin with our monetary policy decision. We have decided to lower the SNB policy rate by 0.25 percentage points to 0%. The new policy rate applies from tomorrow, 20 June ... (full story)
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From snb.ch|Jun 19, 2025|25 commentsThe Swiss National Bank is lowering the SNB policy rate by 0.25 percentage points to 0%. The new policy rate applies from tomorrow, 20 June 2025. Banks' sight deposits held at the ...
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From cnbc.com|Jun 19, 2025|7 commentsIsraeli President Isaac Herzog said Wednesday that his country was not pursuing regime change in Iran, and its attack on Tehran was aimed at eliminating its nuclear capabilities. ...
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From @LiveSquawk|Jun 19, 2025SNB Chairman Schlegel: With Today's Cut We Are Countering Lower Inflationary Pressure Inflationary Pressure Has Decreased - Negative Rates Were Important Instrument In The Past - We Are Aware Of Undesirable Effect Of Negative Interest Rates SNB Chairman Schlegel: We Would Not Take The Decision To Go Negative Lightly - Interest Rate Cut Driven By Lower Inflation - Negative Rates Have Challenges - We Can Never Exclude Any Measures On Interest Rates SNB Chairman Schlegel: We Believe Growth Will Be Dampened In Rest Of Year Because Of High Level Of Uncertainty - We Have Seen A Clear Decline In Inflation, But We Must Not React A Single Data Point - We Look At Medium Term
From @LiveSquawk|Jun 19, 2025SNB’s Tschudin: Swiss Economy Grew Strongly In Q1, Mainly Due To Exports To US Being Brought Forward - Expects Swiss Economic Growth To Slow, And Be Subdued In Rest Of 2025 - Economic Outlook For Switzerland Uncertain, Developments Abroad Are Main Risk SNB’s Tschudin: Sees Negative Money-Market Rates From Tomorrow
From morningstar.co.uk|Jun 19, 2025|1 commentAs widely expected, the Federal Reserve kept rates unchanged at today’s meeting. The main event at today’s meeting was the release of new economic projections from FOMC ...
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