Swiss National Bank (SNB) news

The Swiss National Bank (SNB) is Switzerland's central bank. Its primary mandate is to maintain price stability, taking into account economic developments. The SNB manages monetary policy through interest rate adjustments and foreign exchange interventions, aiming to ensure stability and support the Swiss economy. It also manages Switzerland's gold reserves.

Swiss National Bank cuts by half-point, Swissy dips

The Swiss franc is down on Thursday following the Swiss National Bank rate announcement. In the North American session, USD/CHF is trading at 0.8880, up 0.43% 80on the day at the time of writing. Swiss National Bank chops by 50 basis points Today's Swiss National Bank meeting was live, with the market uncertain as whether the SNB would cut rates by 25 or 50 basis points.

12-12-2024 10:23 GMT by Kenneth Fisher

USD/CHF edges up ahead of SNB rate decision

The Swiss franc is slightly lower on Wednesday. In the European session, USD/CHF is trading at 0.8845, up 0.19% on the day. Swiss National Bank cut looms, but how much? 'Tis the season of central bank decisions, with four major central banks making rate announcements this week.

11-12-2024 11:49 GMT by Kenneth Fisher