ECB raises key interest rate by 0.25%
May 04, 2023The European Central Bank has decided to raise the key interest rate by a further 0.5 percentage points to 3.75 percent. It is thus sticking to its policy of the last few months, but is raising the key interest rate less drastically than before when it decided to increase it by 0.5% in March.
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Switzerland No Longer a Banking Nation After CS Crisis
April 25, 2023After Credit Suisse crisis banking is no longer the most contributing to the Switzerland’s economy, according to prominent Swiss newspaper.
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CHF Best Performing Currency of G10 in March
April 05, 2023The Swiss franc was the best performing currency in the G10 in March, before the British pound and the Japanese yen, despite Credit Suisse crisis.
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SNB increases key interest rate by 0.5%
March 23, 2023At today's meeting, the Swiss National Bank decided to increase the key interest rate by 0.5% to 1.5%. The problems with the Credit Suisse debacle did not appear to have influenced this decision.
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Swiss Inflation Higher Than Expected in February
March 10, 2023In February inflation in Switzerland hit 3.4%, higher than expected by specialists. It means interest rates hike in March is more and more likely.
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