Switzerland, Sweden, and Norway's Central Bank successively cut interest rates! Analysts: Global shift in the second half of the year.

Gate News bot messages, according to BlockTempo, the Central Banks of Switzerland, Sweden, and Norway successively announced a 25 basis point rate cut, causing an unexpected 'triple cut' within 24 hours. The market originally expected the three countries to keep the Interest Rate unchanged, but the sudden adjustment indicates that global monetary policy may return to an easing cycle, opening up new possibilities for risk assets.

According to Swissinfo, the Swiss National Central Bank lowered its Interest Rate policy to 0%, mainly due to a 0.1% annual decrease in consumer prices in May and the continuous appreciation of the Swiss Franc. The Central Bank of Sweden further reduced by 25 basis points, marking the seventh consecutive cut, aiming to revive the slowing recovery momentum. Similarly, the Central Bank of Norway cut by 25 basis points to 4.25%, the first rate cut since the end of 2020, reflecting a larger-than-expected cooling of inflation. Although modest in scale, the common issue faced by the three countries, namely, slowing inflation and the strength of their respective coins, highlights the necessity of early easing measures.

In this regard, Bitunix analysts pointed out that the simultaneous small-scale implementation of loose policies by three European countries may be a precursor to a global policy shift in the second half of the year. The low Intrerest Rate environment is expected to reduce the opportunity cost of holding interest-free assets, which is favorable for bitcoin. Analysts emphasize: 'If bitcoin can hold at $103,300–102,700, it is expected to start a new round of rebound.'

Currently, Bitcoin is consolidating around $103,000, and the market is also closely watching the direction of U.S. trade policy on July 9. If the U.S. imposes punitive tariffs again, it could become a new source of pressure.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)