If necessary, the SNB will adjust its monetary policy to ensure that inflation remains within the price stability range of 0% to 2% in the medium term. If necessary, the SNB is also prepared to remain active on the foreign exchange market.
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A blessing and a curse: the strength of the Swiss franc
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In times of crisis, international investors often bet on the Swiss franc. How has this reputation come about?
After the last monetary policy assessment, the choice of words was even clearer. At that time, it was stated that further interest rate cuts could be necessary in the coming quarters.
The underlying inflationary pressure has decreased again this quarter, according to the current interest rate move. With today’s easing of monetary policy, the SNB is taking this development into account.
The SNB had already lowered the key interest rate by 25 basis points in March, June and September. Previously, the central bank had raised the key interest rate from -0.75% in June 2022 to 1.75% in just five steps and then left it unchanged twice.
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Swiss property market shows no signs of correction
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The Swiss real estate market continues to show no signs of correction. In recent months, prices have continued to rise, while neighbouring countries such as Germany and France have seen considerable declines.
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