Swiss National Bank Expected to Cut Interest Rate

The Swiss National Bank is likely to lower its key interest rate to 0.75% on Thursday, marking a significant shift in monetary policy under new chairman Martin Schlegel.

Key Takeaways

The Swiss National Bank is expected to lower its key interest rate to 0.75% on Thursday.
Martin Schlegel will announce his first interest rate decision as the new SNB chairman.
The SNB previously lowered the guide rate by 0.25 percentage points to 1% on September 26.
14 out of 17 analysts surveyed by AWP predict a 0.25 percentage point cut.
Three analysts predict a steeper cut of 0.50 percentage points.

By The Numbers

0.75%

Predicted Key Interest Rate

14 of 17

Analyst Consensus

1.00%

Current Key Interest Rate

Rate Cuts in 2024

They Said

"The SNB will likely lower the key interest rate on Thursday."
— Experts

"Negative interest rates in the medium term cannot be ruled out either."
— Economists

Schlegel Takes the Reins with Bold Rate Slash

Analysts Bet Big on Continued Easing

The Specter of Negative Rates Returns

Navigating a Fragile Economic Landscape

Sources & References

Swiss National Bank expected to cut interest rate further

SWI swissinfo.ch

Key Takeaways

The Swiss National Bank is expected to lower its key interest rate to 0.75% on Thursday.
Martin Schlegel will announce his first interest rate decision as the new SNB chairman.
The SNB previously lowered the guide rate by 0.25 percentage points to 1% on September 26.
14 out of 17 analysts surveyed by AWP predict a 0.25 percentage point cut.
Three analysts predict a steeper cut of 0.50 percentage points.