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Trading Economics

Swiss National Bank cuts key policy rate by 25 bps to 1.25% in June 2024

Trading Economics
Summary
Nutrition label

87% Informative

The Swiss National Bank reduced its key policy rate by 25 bps to 1.25% in June 2024 , following a similar move in the previous meeting.

This adjustment aims to maintain appropriate monetary conditions, with inflation currently driven mainly by higher prices for domestic services.

The SNB expects moderate GDP growth of around 1% in 2024 and 1.5% in 2025 , with a slight rise in unemployment and normal utilization of production capacity.

VR Score

94

Informative language

98

Neutral language

69

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

1

Source diversity

1

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