The Swiss National Bank continued its policy tightening with yet another hike to its interest rates, but at a slower pace as expected, and signaled more such moves to counter the rising inflationary pressures.
Switzerland's central bank hiked its policy rate by 25 basis points to 1.75 percent on Thursday. The new rate applies from June 23.
This was the fifth straight rate hike. However, the bank slowed the pace of rate hikes from half a percentage point increase in both March this year and in December 2022, and by 75 basis points in September 2022.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.