September 26, 2024 07:38 GMT
SNB: CHF Firms on 25bps Rate Cut, Retains FX Language
SNB
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Full policy statement highlights:
- Swiss inflationary pressure has decreased "significantly", reflecting appreciation of CHF
- Further cuts may become necessary in coming quarters
- Inflation currently being driven by higher prices for domestic services
- Remains willing to be active in the foreign exchange market as necessary.
CHF snaps higher in the initial reaction - EUR/CHF touches 0.9450 before stabilising
Inflation forecast update here:
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