Swiss National Bank hints at further rate cuts after latest reduction
The Swiss National Bank reduced interest rates by 25 basis points on Thursday, echoing steps to lower borrowing costs by the European Central Bank and U.S. Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.
Swiss National Bank Slashes Interest Rates for Third Time in 2023
The Swiss National Bank (SNB) reduced its interest rates by 25 basis points, marking its third cut this year. Following similar actions by the European Central Bank and U.S. Federal Reserve, the SNB's decision lowered policy rates to 1.
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The Swiss National Bank cut borrowing costs by a quarter point at a third straight meeting and warned of more to come if ...
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