Swiss National Bank cuts interest rates for the third time as scheduled! Will the European Central Bank follow suit?

The Swiss National Bank lowered its benchmark interest rate by 25 basis points to 1.00% on September 26, marking the third consecutive rate cut. Switzerland's GDP is expected to grow by 1.5% in 2025, with an inflation rate of 1.2% in 2024. The Swiss franc's appreciation and the decline in oil prices have contributed to the downward revision of the inflation forecast. Both the USD/CHF and EUR/CHF pairs have experienced short-term declines. Deutsche Bank predicts that the European Central Bank will begin cutting interest rates in December, possibly lowering rates by 25 basis points for two consecutive times, and even the possibility of a 50 basis point cut