India, June 18 -- The Swiss National Bank left its policy rate unchanged on Thursday as inflation continues to remain well within the target.
The central bank left its policy rate at zero percent, in line with market expectations.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
The SNB had lowered the key rate by 175 basis points since March 2024. The bank exited its negative rate in 2022 after holding it steady for over seven years.
"If necessary, the SNB has an increased willingness to intervene in the foreign exchange market," the bank said in a statement.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....