Swiss National Bank dials back rate hike to 50 basis points

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By Xavier Fontdegloria

Switzerland’s National Bank on Thursday increased interest rates for a third consecutive time in as many meetings, but slowed the pace of rises as inflation pressures moderated.

The Swiss central bank increased its policy rate by 50 basis points, to 1.0%, after a larger increase of 75 basis points at its September meeting.

This article was originally published by Marketwatch.com. Read the original article here.

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