Swiss National Bank makes surprise rate cut
Edited By WION Video Desk
Published: Mar 22, 2024, 05:25 IST | Updated: Mar 22, 2024, 05:25 IST
Central banks around the world are taking different approaches to monetary policy to counter inflation pressures. Swiss National Bank (SNB) became the first major central bank in the developed world to cut interest rates this cycle. The key driver for the snb's action appears to be a sharper-than-expected fall in inflation.
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