Lun. Dic 23rd, 2024

Swiss central bank cuts interest rates by 0.5% to boost economy amid rising uncertainty over global economic outlook. This is the fourth rate cut since March, as inflation slows and economic growth remains moderate. The SNB cites potential impact of Trump’s policies and political turmoil in Europe as reasons for the decision. The move has sent the Swiss franc falling against the dollar and euro. The SNB also points to increased uncertainty in the global economy, with the future course of economic policy in the US and geopolitical tensions being major concerns. The potential repercussions of Trump’s tariff plans on inflation remain unclear. The decision to cut rates is seen as a proactive measure to support the Swiss economy and mitigate potential risks. 

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