Swiss central bank hikes interest rates by 50 basis points to counter 'further spread of inflation'

Swiss central bank hikes interest rates by 50 basis points to counter 'further spread of inflation'

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The rise is the third consecutive hike in 2022 after the country moved rates out of negative territory in September. The Swiss National Bank increased its benchmark interest rate Thursday for the third time this year, taking it to 1%. Inflation in the country remains well above the Swiss National…

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