{"id":53602,"date":"2025-09-25T02:38:31","date_gmt":"2025-09-25T06:38:31","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/snb-holds-rates-at-zero-as-hm-beats-profit-estimates-despite-sales-miss\/53602\/"},"modified":"2025-09-25T02:38:31","modified_gmt":"2025-09-25T06:38:31","slug":"snb-holds-rates-at-zero-as-hm-beats-profit-estimates-despite-sales-miss","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/snb-holds-rates-at-zero-as-hm-beats-profit-estimates-despite-sales-miss\/53602\/","title":{"rendered":"SNB Holds Rates at Zero as H&#038;M Beats Profit Estimates Despite Sales Miss"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>The <strong>Swiss National Bank (SNB)<\/strong> is widely anticipated to maintain its main interest rate at <strong>zero<\/strong> today, signaling a continued accommodative monetary policy stance amid persistent weak inflation.<\/li>\n<li><strong>H&amp;M (<a href=\"\/stock\/HM-B.ST\">HM-B.ST<\/a>)<\/strong> reported a stronger-than-expected <strong>Q3 2025 operating profit<\/strong> of <strong>SEK 4.91 billion<\/strong>, significantly surpassing analyst estimates of SEK 3.74 billion.<\/li>\n<li>Despite the robust profit performance, the fashion retailer&#39;s <strong>Q3 sales<\/strong> of <strong>SEK 57.02 billion<\/strong> slightly missed expectations of SEK 57.12 billion.<\/li>\n<li>H&amp;M projects <strong>September sales<\/strong> to remain on par with the same month last year and anticipates <strong>increased tariff costs<\/strong> will negatively impact its <strong>gross margin in Q4<\/strong>.<\/li>\n<\/ul>\n<p>The <strong>Swiss National Bank (SNB)<\/strong> is expected to hold its key interest rate at <strong>zero<\/strong> today, Thursday, September 25, 2025. This decision comes as annual inflation in Switzerland remains within the central bank&#39;s predetermined target range, necessitating a steady monetary policy approach. Economists widely predicted this unchanged stance, reflecting a cautious outlook on inflationary pressures. The SNB has previously cut rates to zero in response to falling inflation and a strong Swiss franc, with discussions around potential negative rates in earlier periods.<\/p>\n<p>Meanwhile, fashion giant <strong>H&amp;M (<a href=\"\/stock\/HM-B.ST\">HM-B.ST<\/a>)<\/strong> announced its <strong>Q3 2025 earnings<\/strong>, revealing a mixed financial performance. The company posted an <strong>operating profit<\/strong> of <strong>SEK 4.91 billion<\/strong>, comfortably beating the estimated SEK 3.74 billion. This indicates stronger operational efficiency or better cost management than anticipated by the market.<\/p>\n<p>However, H&amp;M&#39;s <strong>sales<\/strong> for the third quarter reached <strong>SEK 57.02 billion<\/strong>, slightly falling short of the SEK 57.12 billion consensus estimate. Looking ahead, the retailer expects its <strong>September sales<\/strong> to be flat compared to the same period last year, suggesting a challenging start to the final quarter. The company also warned that <strong>tariff costs<\/strong> are projected to have an increased impact on its <strong>gross margin<\/strong> in Q4, which could pressure profitability in the upcoming reporting period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The Swiss National Bank (SNB) is widely anticipated to maintain its main interest rate at zero today, signaling 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