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Franc Drop Seen Short-Lived With SNB Running Out of Room to Cut

Antoine Martin, board member of the Swiss National Bank (SNB), Martin Schlegel, president of the Swiss National Bank (SNB), Petra Tschudin, board member of the Swiss National Bank (SNB), left to right, at the bank's rate announcement news conference in Bern, Switzerland, on Thursday, Dec. 12, 2024. The SNB halved its interest rate with a 50 basis-point cut, unexpectedly ratcheting up easing to intensify its defense of the franc.
Antoine Martin, board member of the Swiss National Bank (SNB), Martin Schlegel, president of the Swiss National Bank (SNB), Petra Tschudin, board member of the Swiss National Bank (SNB), left to right, at the bank's rate announcement news conference in Bern, Switzerland, on Thursday, Dec. 12, 2024. The SNB halved its interest rate with a 50 basis-point cut, unexpectedly ratcheting up easing to intensify its defense of the franc. Stefan Wermuth
12. Dec 2024 ACET 14:39 Save for later
(Bloomberg) --The Swiss franc will resume its recent rally against the euro as the scope for further interest-rate cuts from the nation’s central bank is narrowing, analysts and strategists said.
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