News

SNB President: What matters is the medium-term outlook for inflation, which remains essentially unchanged.

SNB President: Unable to comment on future decisions.

SNB President: Monetary policy is appropriate, expansionary, and supportive of inflation and the economy.

ECB: The design or role of the additional Tier 1 instrument could be adjusted to enhance its loss-absorbing capacity. Non-binding Pillar 2 guidance will remain separate, with releasable buffers overlaid on top.

ECB: Proposal to merge bank capital buffers into two components, one releasable buffer and one non-releasable buffer.

Russian Foreign Minister Lavrov: We have submitted proposals to the United States on collective security guarantees.

The IEA will release its monthly crude oil market report in ten minutes.

Russian Foreign Minister Lavrov: I think the misunderstanding with the United States has been eliminated after Witkov’s visit.

Ukrainian Security Service source: This is the first time Ukraine has attacked Russian oil extraction facilities in the Caspian Sea.

European Central Bank officials: Will not automatically follow the Federal Reserve in cutting interest rates; if the Federal Reserve accelerates interest rate cuts, further gains in the euro may suppress inflation in the euro area.

After the Swiss National Bank decision was announced, the euro against the Swiss franc fell from 0.9357 to 0.9348.

Sources and industry groups wrote in a letter saying that the increase in Mexican tariffs will affect $1 billion worth of Indian car exports and that the tariffs will hurt the export of cars produced in India by Volkswagen, Hyundai, Nissan and Maruti Suzuki.

Swiss National Bank: Swiss GDP growth is expected to be approximately 1.5% in 2025 (previous forecast was 1.0%-1.5%).

Swiss National Bank: Inflation rate is expected to be 0.6% in 2027 (previous forecast was 0.7%).

The Swiss National Bank: Forecasts an inflation rate of 0.8% in the third quarter of 2028.

Swiss National Bank: Uncertainty about U.S. tariffs and trade policies may drag down global economic momentum to a much greater extent than has been observed so far.

Swiss National Bank: The baseline scenario predicts that global economic growth will remain moderate in the next few quarters.

Swiss National Bank: Despite the pressure on the global economy caused by uncertainty about U.S. tariffs and trade policies, economic development in many countries has so far remained more resilient than expected.

Swiss National Bank: Switzerland's economic outlook has improved slightly due to lower U.S. tariffs and a slight improvement in global conditions.

Swiss National Bank: The main risk to Switzerland’s economic outlook is global economic development.