Swiss National Bank Cuts Key Interest Rate to Record Low of 0.25%

Posted on by http://wealthcreation.club
BREAKING: The Swiss National bank on Thursday trimmed its key interest rate by a further 25 basis points, taking the bank’s main rate to 0.25%.

The cut was in line with expectations, with traders previously pricing in an over 70% chance of a quarter-point reduction.

The additional loosening of monetary policy comes as the Swiss economy grapples with depressed inflation.

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