The Swiss National Bank on Thursday raised its key interest rate unexpectedly for the first time since 2007, joining its peers in the battle against runaway inflation.The central bank raised the SNB policy rate and the interest rate on sight deposits at the SNB by half a percentage point to -0.25 percent from -0.75 percent. "It cannot be ruled out that further increases in the SNB policy rate will...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.