The Swiss National Bank surprises the market by cutting its main policy rate by 0.25 percentage points to 1.5%, becoming the first advanced economy to do so. The bank cites low inflation and predicts it will remain below 2% in the coming years. This decision comes amidst high inflationary pressures and the impact of the Covid-19 pandemic and Russia's war in Ukraine.
The Swiss National Bank surprises the market by cutting its main policy rate by 0.25 percentage points to 1.5%, becoming the first advanced economy to do so. The bank cites low inflation and predicts it will remain below 2% in the coming years.
This decision comes amidst high inflationary pressures and the impact of the Covid-19 pandemic and Russia's war in Ukraine.
Swiss National Bank Interest Rates Inflation Advanced Economy Covid-19 Russia Ukraine
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to contact the News 5 'National Consumer Protection Week' phone bank on ThursdayCourtney is a digital producer at News 5. She loves all things Cleveland and is a huge sports fan.
Read more »
Frost Bank to donate $1M to Alamo, becoming ‘official bank’ of historic siteFrost Bank's $1 million donation is the latest large gift to the Alamo, which is undergoing a roughly $500 million expansion.
Read more »
European markets head for positive open after Fed meeting; BoE, SNB rate decisions aheadEuropean markets are heading for a positive open Thursday, with the latest monetary policy decisions from the Bank of England and Swiss National Bank ahead.
Read more »
European markets gain with Stoxx 600 at record high after Fed meeting; BoE, SNB, Norges rate decisions aheadEuropean markets opened higher Thursday, ahead of the latest monetary policy decisions from the Bank of England and Swiss National Bank.
Read more »
Wall Street takes bets on which major central bank will blink firstThe Bank of Japan and the Swiss National Bank have emerged as the major central banks most likely to change course in the next two months.
Read more »
Huge week for the marketsAt the centre of things this week are rate announcements from major central banks, including updates from the US Federal Reserve (the Fed), the Bank of England (BoE), the Bank of Japan (BoJ), the Swiss National Bank (SNB) and the Reserve Bank of Australia (RBA).
Read more »