The Swiss National Bank today cut its key interest rates again by 25 basis points. This comes as quite a surprise and was not anticipated by the markets. This was not anticipated by the markets. A recurring pattern can be identified here, namely that the associated banks of the Eurosystem flank phases of weakness and illiquidity problems with supportive measures.
42 sats \ 2 replies \ @0xbitcoiner 20 Jun
freebie ? ðŸ¤
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0 sats \ 1 reply \ @toshitoshi 20 Jun
meh, there's no such thing as a freebie when coming from that side.... Curious to see how the market will react.
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1 sat \ 0 replies \ @0xbitcoiner 20 Jun
ðŸ¤
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42 sats \ 1 reply \ @siggy47 20 Jun
I was just posting about this too. They said inflationary pressures have eases except for rents, tourism, and oil products?
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54 sats \ 0 replies \ @TomK OP 20 Jun
so we are seeing inflationary pressure rising again across the board. however, here in the south, agricultural goods have become somewhat cheaper, to name just one example
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42 sats \ 5 replies \ @Satosora 20 Jun
What does this do for the Swiss?
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20 sats \ 3 replies \ @TomK OP 20 Jun
yes, they are using up their firepower a little prematurely.
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58 sats \ 2 replies \ @Satosora 20 Jun
Wouldnt it have been better to hold off for as long as possible before doing this?
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42 sats \ 0 replies \ @riberet19 20 Jun
Maybe they're too confident
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0 sats \ 0 replies \ @TomK OP 20 Jun
there are signs that these European central banks outside the Eurosystem do not really act independently
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0 sats \ 0 replies \ @TomK OP 20 Jun
yes, they are using up their firepower a little prematurely.
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