Reported 29 days ago
The Swiss franc has reached its highest value in nearly a decade, suggesting the likelihood of the Swiss National Bank implementing significant interest rate cuts. Economists predict that during its meeting on September 26, the bank may reduce rates by a quarter point, with increasing talk of a potential half-point cut. As the strong franc impacts exports and keeps inflation low, exporters are pressing for decisive action from the SNB to prevent further strengthening of the currency.
Source: YAHOO