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Latest market news update!

Latest market news update!

WilsonWilson
2024-06-24
Summary：The Swiss National Bank cuts interest rates again, giving the franc some breathing room.

The Swiss National Bank (SNB) cut the interest rate by 0.25 percentage points to 1.25% in June, aligning with market expectations and the bank's policy path. Current core inflation pressures have eased, while the Swiss franc has shown strong appreciation.

• Policy Rate: Reduced to 1.25%

• Inflation Rate Forecast: 1.3% for 2024, 1.1% for 2025, 1.0% for 2026

• Gross Domestic Product: Expected to be 1% in 2024, rising to 1.5% in 2025

• Canadian Dollar: Expected to rise slightly

• Swiss Franc: Decreased by 0.5%, currently close to 0.89 against the US dollar

Despite the political turmoil in France strengthening the franc, the Swiss National Bank remains committed to maintaining favorable monetary conditions, with domestic service prices being the main driver of inflation.

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#UltimaMarkets#NewsUpdate#TradingNews#MarketWatch#SwissFranc#Franc#FrancToUSD#GDP#GrossDomesticProduct#InflationRate#CurrencyPair#Forex#ForexTrading#CentralBank#InterestRate

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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Wilson
Written byWilson
Created date:2024-06-24 08:17
Last Updated:2024-06-24 10:02
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