The main deposit rate was increased by the Swiss National Bank (SNB) by 50 basis points to 1.50%. The benchmark interest rate will likely rise by another 25 basis points in June, according to Commerzbank economists.
SNB is committed to bringing inflation under control.
“The Swiss central bank is making clear that it is committed to bringing inflation under control. It increased its benchmark interest rate at its meeting today by an additional 50 basis points to 1.5 percent. This was not a given, especially in light of the recent market turmoil.
The main deposit rate was increased by the Swiss National Bank (SNB) by 50 basis points to 1.50%. The benchmark interest rate will likely rise by another 25 basis points in June, according to Commerzbank economists.
SNB is committed to bringing inflation under control.
“The Swiss central bank is making clear that it is committed to bringing inflation under control. It increased its benchmark interest rate at its meeting today by an additional 50 basis points to 1.5 percent. This was not a given, especially in light of the recent market turmoil.
Source: FxStreet
