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.
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freebie ? ðŸ¤
meh, there's no such thing as a freebie when coming from that side.... Curious to see how the market will react.
ðŸ¤
https://m.stacker.news/36162
I was just posting about this too. They said inflationary pressures have eases except for rents, tourism, and oil products?
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
What does this do for the Swiss?
yes, they are using up their firepower a little prematurely.
Wouldnt it have been better to hold off for as long as possible before doing this?
Maybe they're too confident
there are signs that these European central banks outside the Eurosystem do not really act independently
yes, they are using up their firepower a little prematurely.