Few were expecting anything more than a few franc sales from the Swiss National Bank today. Instead, the SNB boldly cut its ST rate specifically because it knows what's coming from around the rest of the world. And that doesn't mean inflation in Switzerland or anywhere else.

Eurodollar University's Money & Macro Analysis

SNB Monetary Policy Assessment March 21, 2024
https://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20240321

SNB Introductory remarks, news conferencehttps://www.snb.ch/en/publications/communication/speeches-restricted/ref_20240321_tjnmslanmar

Taiwan Ministry of Economic Affairs
https://www.moea.gov.tw/Mns/dos_e/bulletin/Bulletin_En.aspx?kind=14&html=1&menu_id=6744&bull_id=16037

ECB Combined monetary policy decisions and statement 7 March 2024
https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds240307~8e06c79bf2.en.pdf?e86e578f1a99fdaa095a37dc4f1f6355

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Swiss Central Bank Just Sent a Warning to the World