Central Bank Watch
Switzerland’s Third Interest Rate Cut since March
September 26, 2024
The Swiss National Bank today announced a policy rate reduction of 25 basis points to 1.0% that follows similar-sized cuts in June and March. The SNB only reviews policy on a quarterly basis. At 1.0%, the new policy rate level drops to its lowest level since March 2023. As before, officials used this opportunity to […] More
New Overnight Developments Abroad - Daily Update
Reaction to Promised Chinese Stimulus Lifts Confidence in Other Markets
September 26, 2024
Equity markets around the Pacific Rim enjoyed a powerful rally Thursday, closing up 4.2% in Hong Kong, 3.6% in China, 2.9% in South Korea, 2.8% in India and Japan, 2.1% in New Zealand and 1.0% in Australia. The upward momentum carried into Europe where the German, French, Italian and Spanish stock markets current show gains […] More
