Monetary Policy Outlook April 2024
In the US, inflationary momentum appears to be gradually picking up again, which is fuelling fears that there may be no interest rate cut this year. In contrast, there are discussions in the European Union as to whether the ECB could implement one or two interest rate cuts before the summer break if the economic data remains positive. In Switzerland, on the other hand, market interest rates remain stable despite a low inflation rate and the key interest rate is expected to fall to 1.0% by the end of the year.