SNB cuts Sight Deposit Rate by 25 bps to 0.25% as expected
Source Fxstreet
The Swiss National Bank (SNB) lowered the benchmark Sight Deposit Rate by 25 basis points (bps) to 0.25% from 0.50%, following its monetary policy assessment for the March quarter on Thursday.
The decision aligned with the market expectations.
Summary of the SNB policy statement
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