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MNI SNB WATCH: Rate Cut On Knife-Edge As Disinflation Stalls

Markets split on SNB decision as no clear path seen for June rate call.

The Swiss National Bank's Governing Board faces a policy dilemma Thursday, with expectations of a further rate cut curtailed by the modest pick-up in inflation readings since early spring.

The SNB cut its policy rate by 25 basis points to 1.50% in March, the first of the G10 central banks to start reversing the sharp tightening seen since 2022.

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The Swiss National Bank's Governing Board faces a policy dilemma Thursday, with expectations of a further rate cut curtailed by the modest pick-up in inflation readings since early spring.

The SNB cut its policy rate by 25 basis points to 1.50% in March, the first of the G10 central banks to start reversing the sharp tightening seen since 2022.

Keep reading...Show less