German business morale improves despite price worries, Ifo data show
Germany's Ifo business climate index rose to 89.9 in September, beating expectations, while the expectations index also climbed.
5 min ago5 min read
SNB holds key rate at 0% as forecast in September decision
SNB held its key rate at 0% and raised inflation and growth forecasts, dropping earlier language on FX intervention.
24/09/2026 07:512 min read
- Key policy rate maintained at 0%, matching projections
- June decision
- Central bank remains prepared to step into currency markets if necessary
- 2026 inflation forecast raised to 0.7% from 0.6%
- 2027 inflation outlook increased to 0.8% from 0.6%
- 2028 inflation projection now 0.8%, up from 0.7%
- 2026 growth estimate lifted to 1.5%-2% from 1%
The key shift from June is that the SNB has dropped the phrase "increased willingness" to intervene in FX markets, which appeared in the earlier statement. In the September release, that specific language is absent.
Further details to come.
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