Friday , 27 September 2024
Home Forex SNB lowers Sight Deposit Rate by 25 bps to 1.0%, as expected
Forex

SNB lowers Sight Deposit Rate by 25 bps to 1.0%, as expected

The Swiss National Bank (SNB) announced on Thursday that it lowered the benchmark Sight Deposit Rate by 25 basis points (bps) from 1.25% to 1.00% after concluding its quarterly monetary policy assessment.

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