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What is SNB Cuts Interest Rate to 1.5% about?

The Swiss National Bank (SNB) has unexpectedly cut its key interest rate to 1.5%, becoming the first major western central bank to do so in the current cycle, as Swiss inflation dropped to 1.2%. The SNB attributes the decrease in inflation to lower goods prices and remains optimistic about economic growth despite potential risks from weaker global demand. The central bank

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