Swiss central bank cuts interest rates by 0.25%

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Swiss central bank cuts interest rates by 0.25%

The Swiss National Bank cut interest rates on Thursday for a second straight meeting, after becoming in March the first Western central bank to slash borrowing costs that had been raised to battle inflation.

The central bank said in a statement that it reduced the policy rate by 0.25 percentage points to 1.25 per cent.

Details later …

AFP

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