( ) -q-25- UNDATED (Correspondent Jeremy House) “watchers by surprise.” The Swiss National Bank says it has lowered its main policy rate by a quarter of a percentage point [CutID: <Cuts> SWISS-BANK-INT-RATE-house-q-THUam.mp3 Time: 25s Title: SWISS-BANK-INT-RATE-house-q-THUam Out-cue: watchers by surprise] TAG: Correspondent Jeremy House reporting. ————————- VERBATIM: In lowering the rate to 1.25-percent from 1.5-percent, […]
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Swiss central bank cuts its main interest rate by 1/4 point, citing easing inflationary pressures
( ) -q-25- UNDATED (Correspondent Jeremy House) “watchers by surprise.”
The Swiss National Bank says it has lowered its main policy rate by a quarter of a percentage point
[CutID: <Cuts> SWISS-BANK-INT-RATE-house-q-THUam.mp3
Time: 25s
Title: SWISS-BANK-INT-RATE-house-q-THUam
Out-cue: watchers by surprise]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: In lowering the rate to 1.25-percent from 1.5-percent, the bank cited a drop in “underlying inflationary pressure.” This, despite an uptick in some costs like rents, tourism services and oil products. The central bank became the first among counterparts in major financial centers this spring to cut interest rates, with a similar quarter-point reduction in March that caught many market watchers by surprise.