Today news
About the same in other media
Swiss Central Bank Lifts Key Rate, Declares End to Bank Crisis
Reading now: 199
wsj.comSwitzerland’s central bank raised its key interest rate Thursday and said the country’s bank crisis had ended, the latest sign that policy makers are determined to press down on inflation despite strains in the banking system.
The Swiss National Bank increased its key interest rate by a half-percentage point to 1.5%, a move economists had expected before the banking strains that started in the U.S. spread to Switzerland. The central bank also indicated that it may again raise its key rate later this year.
Read more on wsj.comAbout this in other media
This is not another banking crisis, analysts say — it's 'sentiment contagion' instead cnbc.com /1 year ago
'The first bank crisis of the Twitter generation': The pressure on banks is very different to 2008 cnbc.com /1 year ago
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right? cnbc.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
