Swiss Central Bank Holds Rates Steady
The Swiss National Bank kept interest rates unchanged at 0%, and it is closely monitoring any upward pressures on the Swiss franc, especially with inflation easing to 0.6% and the resilient economy, which the bank expects to grow by 1% this year and 1.5% in 2027. This comes amid a reduction in upside pressure on the currency, due to rising interest rates in other regions, along with the bank's readiness to intervene in the foreign exchange market if necessary.
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