Goldman Sachs now believes that the Swiss National Bank will provide further easing after today's lower-than-expected inflation data.
The bank also expects that interest rates will be cut by 50 basis points in December, with risks leaning towards further easing, due to low inflation, geopolitical tensions and the strength of the Swiss franc, and expectations indicate that it will cut interest rates by 25 basis points by March 2025 to a final rate of 0.5%.
The markets give a 40% probability of a move of 50 basis points in December.
