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المشهد العربي
Swiss Central Bank Maintains Zero Rates
The Swiss National Bank decided to keep the base interest rate at 0.0%, despite the surge in monetary tightening led by other central banks around the world to curb inflation. This comes in stark contrast to the rate hikes in the United States, Japan, and Europe, with expectations that Canada and the UK may follow the same approach later this year. Switzerland’s unique economic situation has helped mitigate the impact of inflation, as the annual inflation rate in August stood at 0.8%, amid rising fuel and heating oil prices.
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