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SNB holds interest rates unchanged
AI Summary
- Swiss National Bank kept interest rates unchanged at 0.00%
- This decision is seen as positive for the Swiss franc
- Marks a temporary pause in the monetary easing cycle
The Swiss National Bank announced its interest rate decision on Thursday morning, following the September 25 meeting. The bank kept rates unchanged at 0.00%, the lowest level since June 2022, in line with market expectations. This marks a temporary pause in the monetary easing cycle, which had continued over the past six consecutive meetings.
• This statement is “positive” for the Swiss franc.
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