In one line: The end of the road for the SNB’s current easing cycle?
Melanie Debono (Senior Eurozone Economist)Global
- In one line: Keeping its powder dry, but we’re not quite sure why.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: On hold amid rising global uncertainty.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Expect one more—final—cut in Q2, after today’s surprise reduction.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Patience is a virtue, in this climate.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: On hold and maintaining a cautious stance.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: This surprise pause won’t last long.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: The first cut is finally here; expect at least one more by mid-year.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: On hold due to increased uncertainty.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A genuine surprise; at least three more cuts this year.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: A modest cut; approaching the end of the easing cycle.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: 75bp down; 100bp more—at minimum—in 2025.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: An anti-climactic end to the year.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: A pause that will probably hold for the first few meetings in 2025.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: On hold, but ready to cut if the economic recovery falters.
Andrés Abadía (Chief LatAm Economist)Global
In one line: Dovish, but staying open on the path in 2025 and the level of the neutral rate.
Claus Vistesen (Chief Eurozone Economist)Global
In one line: As expected; no longer need for a restrictive policy rate. Where is neutral?
Claus Vistesen (Chief Eurozone Economist)Global
In one line: Martin Schlegel comes out swinging with jumbo cut at his first meeting as SNB Chairman.
Melanie Debono (Senior Eurozone Economist)Global
- In one line: A halfway-house approach in response to the grim Q3 GDP.
Miguel Chanco (Chief EM Asia Economist)Global