Swiss National Bank continues rate cuts, says inflation eased again
ZURICH - The Swiss National Bank cut interest rates on Thursday, maintaining the central bank's position as a frontrunner in the global policy easing cycle now underway.
The decision had been finely balanced, given a recent rebound in economic growth and a break in the trend of gently falling inflation in Switzerland. Before the decision, markets priced in a 68% likelihood of a cut, with a 32% probability for rates to remain unchanged.
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