Financing4Warehouse’s Post

The Swiss National Bank are the first major central bank to dial back tighter monetary policy aimed at tackling inflation with a cut in its main interest rate by 25 basis points to 1.50. #gainfxglobal #currencysolutions #currencytrading #paymentsolutions #ecb #irishspotmarket #eurozone #scb #swissnationalbank

First cut from a Western central banks is now in the books. The SNB is breaking the trend of central banks waiting until the economy has gone over the side before they cut rates https://lnkd.in/gKNTikGn

A potentially important inflection point in the interest rate cycle occurred this week with the first interest rate cut by a developed market central bank - The SNB. Below is an interesting quick read on the implications from our CIO. Worth a read.

Interest rate cuts have begun. The Swiss National Bank has become the first major developed market central bank to ease monetary policy, marking a return to more ‘normal’ conditions. Our peak-rate scenario is beginning to play out, with major implications for investors. I think it’s time to lock-in high bond yields now. Read more here:

Global Central Banks are considering rate cuts. This week the Swiss were the first to make a cut - 25 basis points. With that said, this article explains that banks and their loans may not be so quick to cut rates and the path down will be slow. #centralbanks #debt #interestrates https://lnkd.in/gxNDEtcQ

Hungary’s central bank maintains cautious stance, cuts base rate by 25bp to 6.5% #bne #bneEditorsPicks #bneChart #Hungary #monetarypolicy After a pause in the easing cycle in August, the Hungarian National Bank (MNB) reduced the base rate by 25 basis points to 6.5% on September 24, in line with projections. The Monetary Council also reduced the overnight deposit rate by the same clip to 5.5% and the overnight collateralised loan rate to 7.5%. The HUF/€ rate and bond yields were little changed after the decision, as MNB’s forward guidance suggests it will maintain a cautious and patient approach.

At the start of the week, I posed the question: would any of the central banks change their stance and reduce interest rates? Well, there was a surprise overnight: Swiss Surprise: The Swiss National Bank caught everyone off guard with a 25 basis point rate cut, marking it as the first major central bank to ease rates. With Swiss CPI inflation already down to 1.2% y/y and core inflation at 1.1%, this move definitely turned heads. Bank of England & Norges Bank: No surprises here as both central banks held rates steady. However, there's a notable shift in language from the Bank of England, hinting at potential rate cuts down the line. FOMC Stance: The Federal Reserve remains committed to its "higher for longer" mantra, planning to retain 75 basis points of cuts in 2024. Markets are buzzing with expectations for a Fed rate cut in June, now sitting at over 80%. RBA: the Reserve Bank of Australia kept its Cash Rate target unchanged at 4.35%, aligning with expectations. BOJ Adjustment: Lastly, the Bank of Japan made a move, increasing its key interest rate from -0.1% to a range of 0%-0.1%."

NEWSFLASH! The European Central Bank has made a significant move by lowering interest rates by a quarter point, marking its first rate cut in almost five years. This decision signals a shift in monetary policy and offers relief to households, governments, and businesses facing high borrowing costs. #ECB #InterestRates #EconomicPolicy #CentralBanks

Not to be mistaken: prices are still rising but at a softer pace 🤔 Yet the news by FT is inspiring 💡 The #ECB looks almost certain to be one of the first major central banks to #cut #rates, having been criticised for being one of the last to raise them after the biggest #inflation #surge for a generation three years ago. #inflation #stickyinflation #ECB #interestrates

As expected the European Central Bank have cut their base rate for the first time in five years to 3.75% - Will the BOE & the FED follow suit? #gainfxglobal #currencysolutions #currencytrading #paymentsolutions #ecb #irisheconomy #irishspotmarket #eurozone #irisheconomy