Switzerland becomes first major economy to cut interest rates in surprise move
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The Swiss National Bank on Thursday surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the foreseeable future. Economists polled by Reuters had expected the Swiss central bank to hold rates at 1.75%.
Switzerland becomes first major economy to cut interest rates in surprise move
Switzerland becomes first major economy to…
Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss National Bank on Thursday surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the foreseeable future. Economists polled by Reuters had expected the Swiss central bank to hold rates at 1.75%.