Mobile app version of munafa.biz
Login or Join
 Learn then Earn
stockMarketNEWS

 story : Swiss franc surges after half-point hike from SNB #FinanceUSA #StockMarketNEWS The Swiss franc surged against the euro after the Swiss National Bank joined the rate hike party. The franc rose to €0.9767

@stockMarketNEWS 17 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Swiss franc surges after half-point hike from SNB #FinanceUSA #StockMarketNEWS
The Swiss franc surged against the euro after the Swiss National Bank joined the rate hike party. The franc rose to €0.9767 from €0.9631 on Wednesday. The central bank lifted its base rate by a half point, to negative 0.25%. It also expressed a willingness to intervene in the foreign exchange market as necessary. "The tighter monetary policy is aimed at preventing inflation from spreading more broadly to goods and services in Switzerland. It cannot be ruled out that further increases in the SNB policy rate will be necessary in the foreseeable future to stabilise inflation in the range consistent with price stability over the medium term," it said.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme