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MNI SNB WATCH: Cuts, Hints At More As Lowers Inflation Outlook

SNB cuts rates and makes dovish inflation forecast shift.

MNI (LONDON) - The Swiss National Bank cut its policy rate by 0.25 percentage points to 1.0% on Thursday, as anticipated, with the threshold-adjusted sight deposit rate cut to 0.5%. 

SNB policymakers also stressed their willingness to be active in the foreign exchange market as necessary, and hinted at further rate cuts in coming quarters. (See MNI SNB WATCH: Rate Cut and FX Intervention As Inflation Falls )

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MNI (LONDON) - The Swiss National Bank cut its policy rate by 0.25 percentage points to 1.0% on Thursday, as anticipated, with the threshold-adjusted sight deposit rate cut to 0.5%. 

SNB policymakers also stressed their willingness to be active in the foreign exchange market as necessary, and hinted at further rate cuts in coming quarters. (See MNI SNB WATCH: Rate Cut and FX Intervention As Inflation Falls )

Keep reading...Show less