Nomura (US:NMR) news flash·2025-04-24 06:25Core Viewpoint - Nomura Securities predicts that the Swiss National Bank will implement two more rate cuts this year, each by 25 basis points, contrary to their previous stance that no further cuts would occur after March [1] Group 1: Monetary Policy Actions - The Swiss National Bank is expected to take action to curb the strength of the Swiss franc, which is currently at its highest effective exchange rate since 2008 [1] - The anticipated rate cuts are seen as a response to the ongoing economic uncertainty driven by further rate cuts from the European Central Bank and U.S. tariff policies [1] - The expected actions in June and September meetings may signal a return to negative interest rates, marking an end to the normalization of monetary policy post-COVID-19 [1]