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SNB: VIEW: Goldman Now Look For 50bp Cut In Dec

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Following today’s CPI data Goldman Sachs note that “given the SNB's dovish guidance at its September meeting, benign inflation developments and a rise in geopolitical tensions adding further upward pressure to the currency, we now expect a 50bp cut at the Bank’s December meeting, followed by an additional 25bp cut in March 2025, to a terminal rate of 0.25% (vs 0.50% before).”

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Following today’s CPI data Goldman Sachs note that “given the SNB's dovish guidance at its September meeting, benign inflation developments and a rise in geopolitical tensions adding further upward pressure to the currency, we now expect a 50bp cut at the Bank’s December meeting, followed by an additional 25bp cut in March 2025, to a terminal rate of 0.25% (vs 0.50% before).”