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12 Dec 2024

Switzerland SNB Interest Rate Decision below forecasts (0.75%): Actual (0.5%)

Dec 12, 2024

EUR/USD rises as ECB interest-rate decision looms

EUR/USD gains sharply around 1.0520 in Thursday’s European session ahead of the European Central Bank’s (ECB) interest rate decision, which will be announced at 13:15 GMT.

Breaking: SNB surprises with a 50 bps cut to Sight Deposit Rate

Following Thursday's quarterly monetary policy assessment, the Swiss National Bank (SNB) cut the benchmark Sight Deposit Rate by 50 basis points (bps) to 0.50% from 1.00%.