Breaking: SNB hikes rates to -0.25% vs. -0.75% previous

In its latest quarterly monetary policy assessment, the Swiss National Bank (SNB) hiked its benchmark sight deposit interest rate to -0.25% from -0.75% previous.

more to come ...

About SNB Rate Decision

The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.