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MNI SNB WATCH: Rate Cut and FX Intervention As Inflation Falls

SNB to cut as inflation slows, with forex intevention to weaken franc.

MNI (LONDON) - The Swiss National Bank is most likely to make a third successive 25-basis-point cut on Thursday, with some analysts betting on a 50bp reduction and many economists also expecting intervention to weaken a currency seen as too strong by exporters.

With inflation well within the SNB's target range and below its own projected level, policymakers have room for manoeuvre in what will be President Thomas Jordan's last policy decision before stepping down on Oct 1. 

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MNI (LONDON) - The Swiss National Bank is most likely to make a third successive 25-basis-point cut on Thursday, with some analysts betting on a 50bp reduction and many economists also expecting intervention to weaken a currency seen as too strong by exporters.

With inflation well within the SNB's target range and below its own projected level, policymakers have room for manoeuvre in what will be President Thomas Jordan's last policy decision before stepping down on Oct 1. 

Keep reading...Show less