Swiss National Bank may delay interest rate cut until June, awaiting US Fed and ECB actions.
Swiss National Bank (SNB) expected to wait until June to cut interest rates, according to Reuters poll. SNB may wait for US Federal Reserve and European Central Bank to start cutting rates in June to prevent further Swiss franc weakness, which could lead to inflation risks. A 50 basis point cut to 1.25% is expected this year, while the Fed and ECB may cut by 75-100 basis points.
March 18, 2024
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