The Swiss National Bank kept its benchmark rate unchanged on Thursday and turned more dovish as it lowered the inflation forecast and altered the policy stance on forex interventions.
The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent.
The SNB policy rate has been raised by a cumulative 2.5 percentage points since June 2022 to bring inflation within the price stability range.
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by Renju Jaya
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