SIR September 26: Swiss Interest Rate Decision
Inflation Explained: The Swiss National Bank (SNB) has lowered its key policy interest rate to 1.0% down from 1.25%. The drop is the third in a row and is aimed at stabilizing prices, with inflation currently at 1.1%. The SNB revised its inflation projections down to 1.2% for 2024, 0.6% for 2025, and 0.7% for 2026, while maintaining GDP growth projections of 1% for 2024 and 1.5% for 2025.
Economic Growth: The SNB revised their projections to 1.2% for 2024, 0.6% for 2025, and 0.7% for 2026, reflecting their commitment to driving economic growth amidst change.
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