THE Swiss National Bank cut its main interest rate by 25 basis points to 1.5 per cent on Thursday (Mar 21), a surprise move which made it the first major central bank to dial back tighter monetary policy aimed at tackling inflation.
THE Swiss National Bank cut its main interest rate by 25 basis points to 1.5 per cent on Thursday (Mar 21), a surprise move which made it the first major central bank to dial back tighter monetary policy aimed at tackling inflation.