Is the SNB also contemplating a 50 bps cut?
The Swiss National Bank (SNB) is likely to cut interest rates several times in the coming quarters, much like the European Central Bank (ECB) and the Federal Reserve. This raises the possibility that the SNB is also contemplating cutting by 0.5% when it announces the outcome of its policy meeting on 26 September, a scenario to which investors currently attach a probability around 40%.