You Won’t Believe What the Swiss Central Bank Just Did

The Swiss National Bank surprised Economists by cutting rates for the second time in a row. Citing a number of potential worries starting with more recession, the rate cuts are aligned with growing dollar troubles roiling the rest of the world. Major currencies are sinking fast, hitting new lows and pointing toward the same reasoning just acted on in Switzerland. Eurodollar University's Money & Macro AnalysisBloomberg SNB Silence Sets Up Another Rate-Cut Cliffhangerhttps://www.bloomberg.com/news/articles/2024-06-19/swiss-national-bank-interest-rate-cuts-central-bank-silence-sets-up-cliffhangerSwitzerland Economic forecast largely unchanged: Swiss growth in 2024 to be below averagehttps://www.admin.ch/gov/en/start/documentation/media-releases.msg-id-101432.htmlSNB Monetary Policy Assessment June 20, 2024https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20240620CNBC Switzerland makes second interest rate cut as major economies diverge on monetary policy easinghttps://www.cnbc.com/2024/06/20/switzerland-trims-key-interest-rate-to-1point25percent-in-second-cut-of-the-year.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUEurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.Sign up below:https://event.webinarjam.com/channel/rates