(Bloomberg) — The Swiss National Bank acknowledges that investors anticipate more reductions in borrowing costs soon, two senior officials said on Thursday. “Today, the swap curve is inverted, which is consistent with market participants’ expectations of moderate inflation and further cuts in the SNB policy rate in the near future,” policymaker Antoine Martin and deputy…
Swiss inflation has fallen
not just because of lower energy prices and easing supply chain
bottlenecks but thanks to the central bank s interest rate rises
and foreign exchange interventions,.
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