Swiss Central Bank
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The Swiss Central Bank raised interest rates by 50 basis points as scheduled
According to reports, the Swiss Central Bank raised interest rates by 50 basis points to 1.50%, in line with market expectations and reaching the highest level since October 2008. (Jin Shi) Interpretation of this information: The Swiss Central Bank has raised its interest rates by 50 basis points to 1.50%, a move that is in line with market expectations, and that brings the rate to its highest level since October 2008. Interest rates are typically used by central banks to control inflation and economic growth. By raising interest rates, the…
