The Swiss central bank has increased rates by 50 basis points, taking its policy rate to 1.5%.
The Swiss National Bank increased its policy rate by 50 basis points, taking the rate to 1.5%.
The rate is the fourth consecutive hike and was in line with economist expectations, despite recent turmoil in Switzerland's banking sector. The Swiss National Bank has come into the spotlight following its assistance in UBS' takeover of Credit Suisse.The Swiss National Bank raised its benchmark interest rate by 50 basis points Thursday, taking it to 1.5%.related investing newsThe latest rate hike comes as domestic inflation remains well above the Swiss National Bank's target of between 0% and 2%.
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