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Swiss National Bank Cuts Rates, Cites Strong Franc as it Looks to Fuel Growth

June 20, 2024

Via: DailyFX

The SNB voted to lower interest rates by 25 basis points to set the policy rate at 1.25%. The rate cut was expected by the majority of the market but there was a notable outside chance that the Bank may decide to hold given the phenomenal drop in inflation and firm wage growth that revealed few, if any, signs of abating.

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