SNB hikes 25bps, inflation to fall to 1.7% in Q3 then bounce

<p>SNB raises policy rate by 25bps to 1.75%, for “countering inflationary pressure, which has increased again over the medium term”. The central bank also leaves the door open for more tightening, as “it cannot be ruled out that additional rises in the SNB policy rate will be necessary”. SNB also maintains the willingness to intervene […]</p>
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