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Swiss Central Bank Lifts Key Rate, Declares End to Bank Crisis
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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.
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