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SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade
December 12, 2024December 12, 2024by In Horoscope

SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade

By John Revill BERN (Reuters) -The Swiss National Bank cut its interest rate by 50 basis points on Thursday, its biggest reduction in almost 10 years, responding to weaker than expected inflation in Switzerland and growing uncertainty about the global economy. The central bank flagged tepid price increases, rising risks around future U.S. economic policy...