UBS Global Research expects the Fed to cut interest rates by 25 basis points in June.

Swiss National Bank President Jordan: Cutting interest rates is not a resignation gift. We always make the right decisions.

Swiss National Bank President Jordan: We do not give forward guidance on future interest rates and will make a decision in three months.

Swiss National Bank President Jordan: We have much less inflationary pressures than three months ago.

Swiss National Bank President Jordan: Cutting interest rates is 100% in line with our policy framework.

SNB President Jordan: We will review our situation in three months.

According to TASS news agency: Russia handed over six children to Ukraine with the mediation of Qatar.

British maritime security company Ambrey: A non-Ambrey private armed security team fought back and it is understood the ship accelerated and was no longer threatened by the small craft. No damage or injuries were reported.

British maritime security company Ambrey: A commercial ship reported being hit by a small boat near point B of the internationally recommended transit corridor, approximately 109 nautical miles south of Nishtun, Yemen. Four armed men on a single boat approached the ship and reportedly opened fire on the merchant vessel.

SNB deputy president: Banks’ shareholding structures should be better able to absorb losses.

Deputy President of the Swiss National Bank: The Credit Suisse crisis highlights the need to adjust the supervision of systemically important banks.

Deputy President of the Swiss National Bank: Stability options for systemically important banks should be expanded.

Deputy Governor of the Swiss National Bank: Banks’ liquidity reserves should be improved.

Swiss National Bank President Jordan: We are still willing to actively participate in the foreign exchange market if necessary.

Swiss National Bank President Jordan: Weak foreign demand and the appreciation of the Swiss franc have had a dampening effect.

Norges Bank: If cost inflation continues to rise or the NOK is weaker than expected, inflation could be longer than currently expected. In this case, the Committee is prepared to raise the policy rate again.

Norges Bank: If the Norwegian economy experiences a more pronounced slowdown or inflation falls faster, the policy rate may be lowered earlier than currently expected.

Norges Bank: Wage growth is expected to be 4.9% in 2024, lower than the 5.0% forecast in December; the unemployment rate may rise, but the increase in December may be smaller than expected.

Norges Bank: Economic growth is expected to remain low in the first half of 2024 and then begin to accelerate.

Norges Bank: However, too tight monetary policy could restrict the economy more than needed.