Real-time Financial News

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2024-10-24 Thursday
  • 16:35:31

    SNB: Our forecasts for Switzerland and the global economy face significant uncertainties.

  • 16:35:26

    Swiss National Bank: Inflation is currently driven mainly by rising domestic service prices.

  • 16:35:02

    SNB: According to the latest forecasts, inflation is also likely to remain within this range in the next few years.

  • 16:34:56

    SNB: In the short term, this is mainly due to the fact that in some commodity categories, price momentum is slowing down faster than expected in December.

  • 16:34:46

    Swiss National Bank: The fight against inflation over the past two and a half years has been effective, making it possible to implement monetary policy easing.

  • 16:34:40

    Swiss National Bank: The new conditional inflation forecast is significantly lower than the forecast in December last year.

  • 16:34:31

    Swiss National Bank: The Swiss National Bank will also continue to actively participate in the foreign exchange market as needed.

  • 16:34:07

    The Swiss National Bank unexpectedly cut interest rates, and the euro rose 100 points against the Swiss franc in the short term, now at 0.9760.

  • 16:33:36

    Swiss National Bank: This scenario for the global economy still carries significant risks. Inflation is likely to persist for an extended period in some countries, which will require tighter monetary policy than expected in the baseline scenario.

  • 16:33:23

    Swiss National Bank: The Swiss National Bank will remunerate bank deemed deposits deposited with the Swiss National Bank at the Swiss National Bank policy rate. The remuneration amount is within a certain threshold, and the portion above the threshold will be remunerated at an interest rate of 1.0%.

  • 16:33:07

    SNB: In this environment, unemployment is likely to continue to rise gradually and capacity utilization is likely to fall further.

  • 16:33:01

    Swiss National Bank: Weak demand from abroad and a real appreciation of the Swiss franc have had a dampening effect on the economy over the past year.

  • 16:32:51

    Swiss National Bank: Inflation rate is expected to be 1.1% in the fourth quarter of 2026.

  • 16:32:40

    Swiss National Bank: Inflation rate is expected to be 1.1% in 2026.

  • 16:32:33

    Swiss National Bank: Inflation is expected to be 1.2% in 2025 (previous forecast was 1.6%).

  • 16:32:17

    Swiss National Bank: Inflation is expected to be 1.4% in 2024 (previously 1.9%).

  • 16:32:07

    Swiss National Bank: Swiss GDP is expected to be approximately 1.0% in 2024 (previously 0.5% to 1.0%).

  • 16:31:42

    The euro fell 15 points against the U.S. dollar in the short term, falling below 1.09 and falling 0.20% on the day.

  • 16:31:00

    USD/CHF has risen nearly 80 points in the short term and is now at 0.8943, after the Swiss National Bank unexpectedly cut interest rates.

  • 16:30:59

    Swiss National Bank: Ready to intervene in foreign exchange market.

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