Core Viewpoint - The Swiss National Bank (SNB) has decided to maintain its benchmark interest rate at 0%, marking the end of a series of six consecutive rate cuts since March 2024, amidst stable inflation pressures and economic support needs [1][3][5]. Group 1: Interest Rate Decisions - The SNB's decision to hold the interest rate at 0% is the lowest among major global central banks [3]. - The central bank has indicated readiness to lower rates below zero if mid-term inflation exceeds the price stability range [2][4]. - The SNB has cumulatively cut rates by 175 basis points over the past year, with the last cut occurring on June 19, 2024 [3][4]. Group 2: Economic Outlook - The SNB expects Switzerland's GDP growth for 2025 to be between 1% and 1.5%, slightly up from previous forecasts [4][7]. - The central bank has noted that the Swiss economy is facing challenges due to U.S. tariffs and high uncertainty, which may suppress exports and investments [6][7]. - The inflation rate in Switzerland has returned to the SNB's target range of 0% to 2% after a period of decline [4]. Group 3: Currency Performance - The Swiss Franc has appreciated significantly this year, gaining over 12% against the U.S. dollar and nearly 1% against the euro, making it one of the best-performing currencies among G-10 [4][5]. - Following the announcement to pause rate cuts, the Swiss Franc's exchange rates remained stable against the euro and the dollar [4]. Group 4: Public Sentiment and Trade Relations - A recent poll indicated that a majority of Swiss citizens oppose making concessions to the U.S. regarding tariffs, with many preferring to rely more on domestic products [7]. - The imposition of high tariffs by the U.S. on Swiss goods has raised concerns about significant economic pressure on Switzerland, particularly affecting its export-driven economy [7].
突发!暂停降息!刚刚,这国央行宣布
券商中国·2025-09-25 14:02