The Swiss National Bank on Thursday raised its benchmark interest rate to 0.5%, a shift that brings an end to an era of negative rates in Europe.
Switzerland had been the last country in Europe with a negative policy rate as the region's central banks have been aggressively increasing rates to tackle soaring inflation.The Swiss National Bank on Thursday raised its benchmark interest rate toThe 75 basis point hike follows an
Inflation in Switzerland is currently running at its highest rate in three decades, reaching 3.5% last month.
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