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Swiss National Bank lowers rates and flags further cuts

The Swiss National Bank reduced interest rates by 25 basis points today, echoing steps to lower borrowing costs by the European Central Bank and US Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.
Business • 26 Sep 24

Swiss National Bank surprises with interest rate cut

The Swiss National Bank cut its main interest rate by 25 basis points to 1.5% today, a surprise move which made it the first major central bank to dial back tighter monetary policy aimed at tackling inflation.
Business • 21 Mar 24

Higher interest rates drag Swiss National Bank to a loss

The Swiss National Bank has today posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, as a switch to positive interest rates cost it dearly and meant it could not pay a dividend for a second year in a row.
Business • 04 Mar 24

Swiss National Bank increases interest rates by 0.5%

The Swiss National Bank raised its policy interest rate by 50 basis points today - the central bank's third hike this year as it stepped up its campaign to dampen inflation.
Business • 15 Dec 22

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