Dow Jones Newswires: Swiss National Bank raises interest rates by 75 basis points – Money Live News Search Menu Home Latest News Privacy Policy Whitelisting Search Latest News Dow Jones Newswires: Swiss National Bank raises interest rates by 75 basis points By 2 days ago 0 view Share Tweet 0 Switzerland’s National Bank on Thursday raised interest rates for the second time in as many meetings, catching up with other central banks as the country faces the highest inflation rate in three decades. The Swiss central bank increased its policy rate by 75 basis points to 0.5%. The move is larger than the one in June, when the bank rose rates by half a percentage point. The rise in interest rates is aimed at countering the renewed rise in inflationary pressure and the spread of inflation to goods and services that have so far been less affected, the bank said in a statement. Inflation in Switzerland stood at 3.5% in August, well below the rate registered in the neighboring eurozone but at its highest level in three decades. The bank said further interest rates increases are possible to tame price growth. “It cannot be ruled out that further increases in the SNB policy rate will be necessary to ensure price stability over the medium term,” it said. The SNB also said it is “willing to be active” in the foreign exchange market to keep control of the currency. Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com Posted in Latest News Share Tweet 0 Dollar Upside Breakout after Hawkish Fed, SNB and BoE Next Previous article NerdWallet: CD rates are higher, but should you put your cash in them? Consider your goals. Next article You may also like Washington Watch: Embattled World Bank head Malpass says he should have made it clear that he’s not ‘a climate-change denier’ By 2 hours ago 0 Retirement Hacks: Keep your options open after retiring — à la Roger Federer, Serena Williams and Tom Brady By 3 hours ago 0 : This could be the perfect time for Social Security reform—except for one thing By 3 hours ago 0 Retirement Weekly: I’m a trustee for my brother: How should I handle his assets in a bear market? By 3 hours ago 0 Comments Leave a reply Cancel reply Social connect: Your email address will not be published. Required fields are marked * Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. More in Latest News Retirement Weekly: How to get a guaranteed return of 1.3% per year above inflation 3 hours ago 0 The MarketWatch Q&A: ‘Barney Miller’ actor Hal Linden, now 91, says he never plans to retire 4 hours ago 0 Deep Dive: Tesla, Take-Two and Exxon are among the exceptions to this big problem for stock prices 5 hours ago 0 Mystery Economic Theater: Remember the summer spike in layoffs that pointed to a U.S. recession? It didn’t happen. 5 hours ago 0 View all Latest News Home Latest News Privacy Policy Whitelisting All rights reserved by Money Live News Financial Press Agency, A-5, Amargyan Ind Complex, Pokharan Rd Khopat, Mumbai, 400601, India Home Latest News Privacy Policy Whitelisting ✕ Home Latest News Privacy Policy Whitelisting