Zurich, Switzerland (GenevaLunch) – The Swiss National Bank (SNB) early Thursday afternoon lowered its key interest rate range to 1.5-2.5%, effective immediately, saying it intends “to hold the rate in the middle of the target range for the time being.”
World news ::
European central banks are expected to cut their key interest rates today, as attention turns back to gloomy economic news, including more job losses in the US, after the “excitement of Barack Obama‘s historic victory in the US presidential vote,” reports Reuters.
World news ::
The European Central Bank, which cut interest rates by 50 basis points 8 October, along with other central banks, is likely to do so again 6 November, according to the ECB president, Jean-Claude Trichet. Financial Times
