SNB's Surprise Half Point Rate Cut, Euro Edges Up Before ECB Decision | The Opening Trade 12/12
December 12, 2024
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1:36:13Now PlayingSNB's Surprise Half Point Rate Cut, Euro Edges Up Before ECB Decision | The Opening Trade 12/12
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as posted by the channelThe Swiss National Bank cut its key interest rate by 50 basis points to 0.5%, a bigger-than-expected move aimed at stemming gains in the franc. Most economists saw the SNB delivering a quarter-point reduction but policymakers opted for a larger move, sending the franc to the bottom of the G-10 FX leader board. The euro adds a few pips ahead of the European Central Bank decision where a 25-bp interest rate cut is widely expected. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
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