Source: Reuters (via feed)
The Swiss National Bank kept its policy rate at zero on Thursday. This decision came amid a surge in the Swiss franc driven by the Iran war. At the same time, global oil prices spiked. These developments blurred the inflation outlook. The bank maintained its policy rate unchanged.
BizTrendWire Insight:
The Swiss National Bank’s rate hold aligns with recent currency and oil price changes due to the Iran war.
The Swiss National Bank’s rate hold aligns with recent currency and oil price changes due to the Iran war.
