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Swiss National Bank (SNB) news

The Swiss National Bank (SNB) is Switzerland's central bank. Its primary mandate is to maintain price stability, taking into account economic developments. The SNB manages monetary policy through interest rate adjustments and foreign exchange interventions, aiming to ensure stability and support the Swiss economy. It also manages Switzerland's gold reserves.

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SNB opts for smaller hike but signals it isn't done yet
The Swiss National Bank slowed the pace of its tightening cycle on Thursday, in line with market expectations but signaled there is more to come. While most central banks would dream of 2.2% inflation right now, the SNB has made clear that there will be no complacency. Today's hike likely doesn't mark the end of its cycle, with another 25 basis points expected in September.
Jun 22, 2023 by Craig Erlam
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