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SNB Cuts Interest Rate by 0.5 Percentage Points to Combat Deflation
The Swiss National Bank (SNB) unexpectedly slashed its key interest rate by 0.5 percentage points to 0.5 percent on Thursday, exceeding market forecasts to combat deflationary pressures fueled by the strong Swiss franc and weak inflation.
SNB Cuts Interest Rate by 0.5 Percentage Points to Combat Deflation
The Swiss National Bank (SNB) unexpectedly slashed its key interest rate by 0.5 percentage points to 0.5 percent on Thursday, exceeding market forecasts to combat deflationary pressures fueled by the strong Swiss franc and weak inflation.
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