Swiss central bank hikes interest rates by 50 basis points despite Credit Suisse turmoil

Swiss central bank hikes interest rates by 50 basis points despite Credit Suisse turmoil

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The Swiss National Bank has come into the spotlight following its assistance in UBS' takeover of Credit Suisse. The Swiss National Bank raised its benchmark interest rate by 50 basis points Thursday, taking it to 1.5%. The rate is the fourth consecutive hike and the change in policy rate is in…

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