Probability of SNB rate cuts
Publish Date : 2019/07/24 - 11:03

Financial markets see an increasing chance the Swiss National Bank will cut its deeply negative interest rates after the safe-haven franc hit two-year highs ahead of a European Central Bank meeting expected to signal easier policy in the euro zone.

On Wednesday, money markets were pricing in 54% chance the SNB will cut its benchmark rate of -0.75% — already one of the lowest in the world — by 25 basis points by September.

The probability increases to 72% for the SNB to cut its interest rate by December.

On Tuesday, the probability for a cut by September was seen at 35% and 62% by December.

Source: Reuters

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