Amidst further cuts, what action will The Swiss National Bank make next?
The Swiss National Bank (SNB) cut the policy rate by 0.25% to 1.25% at its meeting on 20 June. Markets reacted by selling the Swiss franc, illustrating that policy easing was not fully priced in. In this Macro Flash Note, Senior Economist GianLuigi Mandruzzato looks at the outlook for Swiss monetary policy.
