Swiss National Bank's interest rate hike expectations have been delayed, with the earliest rate hike now projected for June next year.
1 hours ago
Economists have pushed back their expectations for the Swiss National Bank (SNB) interest rate hike, now forecasting the earliest possible move will come after June next year. A monthly institutional survey shows that economists who previously thought borrowing costs could rise as early as this year now expect the SNB to act no earlier than 2027; the majority believe the first rate hike may not occur until early 2028. The shift in market expectations follows earlier reports that the SNB internally projects its policy rate will stay at 0% through the end of 2027 before any potential increase. This assessment is based on the premise that no new major shocks will emerge in the future, and aligns with the general consensus among economists. (Jin10)
Elliott Alexander, a member of the Ethereum Foundation, has joined BitPay after being laid off.
3 minutes ago
Japan and South Korea's stock markets closed higher on Monday.
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The 'Big Short' Michael Burry No Longer Views Berkshire Hathaway as an Attractive Future Investment
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Analysis: Stablecoin market cap has shrunk by nearly $15 billion since May, as liquidity continues to exit the crypto market.
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Spot silver rose 1% intraday, currently trading at $64.17.
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TSMC's July sales rose 44.7% year-on-year, with cumulative sales reaching 2.87 trillion New Taiwan dollars from the start of the year.
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