Switzerland's central bank lifted its policy rate again on Thursday as policymakers remained focused on inflationary pressures even as the recent developments in the financial market raised concerns over the credentials of the Swiss banking sector.
The Swiss National Bank raised its policy rate by 0.5 percentage points to 1.50 percent. The outcome of the meeting was in line with expectations. The new rate takes effect on March 24.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.