瑞士10年期政府债券收益率在10月底触及0.12%,为2022年3月以来的最低水平,此前瑞士国家银行发表了鸽派言论,美联储发出了谨慎信号。瑞士国家银行官员Tschudin周四重申,央行的货币政策仍然是扩张性的,通胀预计将保持在价格稳定范围内。她还指出,瑞士央行准备在必要时干预货币市场,并在条件允许的情况下考虑重新引入负利率。尽管利率处于2022年以来的最低水平,但几个月来通货膨胀率一直低于瑞士央行0-2%目标的下限。在美国,美联储主席鲍威尔强调,在12月的会议上进一步降息“远非板上钉钉”。同样,将在2026年对利率决定进行投票的达拉斯联邦储备委员会主席洛根表示,目前的经济前景并不要求降息。
The Swiss 10-year government bond yield touched 0.12% at the end of October, its lowest level since March 2022, following dovish comments from the Swiss National Bank and cautious signals from the US Fed. SNB official Tschudin reiterated on Thursday that the central bank’s monetary policy remains expansive and that inflation is expected to stay within the price-stability range. She also noted that the SNB is ready to intervene in the currency market if needed and would consider reintroducing negative interest rates should conditions warrant. Despite interest rates being at their lowest since 2022, inflation has remained below the lower bound of the SNB’s 0–2% target for several months. In the US, Fed Chair Powell emphasized that a further rate cut at the December meeting is “far from a foregone conclusion.” Similarly, Dallas Federal Reserve President Logan, who will vote on rate decisions in 2026, said the current economic outlook does not call for cutting rates.