BREAKING NEWS
This content is not available in your region

Swiss borrowing cost cut again

Comments
Swiss borrowing cost cut again
Text size Aa Aa

The Swiss National Bank has made a surprise one percent cut in interest rates. The cut was the third within a month and the Swiss Central Bank said it was taking action because there was a higher risk of a marked slowdown in economic activity in Switzerland next year. The Swiss franc tumbling to its lowest against the dollar since August last year and shares on the Zurich exchange were boosted.