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18th Jun 2025 09:21EurozoneWeekly Monitor

  • The SNB shied away from a jumbo cut, opting for a 25bp reduction for its sixth straight policy rate cut. 
  • The policy rate is now at zero; we doubt the SNB can avoid negative rates for long… 
  • ...We now expect another 25bp cut in September but think the SNB will be back hiking next year.

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Keywords for: 20 June 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence