Swiss Franc Steady as Dovish SNB Tone Balances Offsets Rate Cut

Swiss Franc remained relatively stable today following SNB’s decision to cut its policy rate by 25bps, bringing it down to 1.00%. This move defied some market speculations that anticipated a larger 50bps reduction. Despite opting for a smaller cut, SNB issued a decidedly dovish statement, sharply downgrading its inflation forecasts. The central bank signaled a […] The post Swiss Franc Steady as Dovish SNB Tone Balances Offsets Rate Cut appeared first on Action Forex.

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Sep 27, 2024 - 14:55
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Swiss Franc Steady as Dovish SNB Tone Balances Offsets Rate Cut

Swiss Franc remained relatively stable today following SNB’s decision to cut its policy rate by 25bps, bringing it down to 1.00%. This move defied some market speculations that anticipated a larger 50bps reduction. Despite opting for a smaller cut, SNB issued a decidedly dovish statement, sharply downgrading its inflation forecasts. The central bank signaled a […]

The post Swiss Franc Steady as Dovish SNB Tone Balances Offsets Rate Cut appeared first on Action Forex.

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