Swiss National Bank Cuts Rates

This is a news story, published by CNBC, that relates primarily to Swiss National Bank news.

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third interest rate reduction

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Swiss inflation

CNBC

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Swiss central bank cuts rates by a quarter point in third trim this year

Summary

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Swiss National Bank on Thursday took a third step to loosen monetary policy this year , bringing its key interest rate down by 25 basis points to 1.0% . The trim, which had been anticipated by 30 of 32 analysts surveyed in a Reuters poll, marked the SNB 's third interest rate reduction of 2024 .