International Economic

SNB cuts rates by 25 basis points to 1.0%

By Michele Maatouk

Date: Thursday 26 Sep 2024

(Sharecast News) - The Swiss National Bank cut interest rates on Thursday to 1.0% from 1.25%, in line with expectations.
This marked the third rate cut this year and brought the policy rate down to its lowest level since early 2023.

The SNB said in a statement: "Inflationary pressure in...

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