Swiss National Bank Won't Have to Cut Much More — Market Talk
2024-12-12
Category: economic

The Swiss National Bank won't have to lower borrowing costs much more, Pantheon Macroeconomics' Melanie Debono writes in a note after the central bank surprised consensus with a half-point cut to interest rates. Most analysts had expected a a more cautious quarter-point cut. The move will likely be followed by further easing, but only a little, Debono says. Pantheon expects the SNB to cut rates once more, by a quarter-point in March. (joshua.kirby@wsj.com; @joshualeokirby)