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Swiss Central Bank Raises Key Interest Rate To 1.75 Percent

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GENEVA (AFP) - The Swiss central bank has raised its key Libor rate by a quarter of a percentage point to a range of 0.75-1.75 percent, in response to a vigorous economic recovery.
The rate's median value is now fixed at 1.25 percent the Swiss National Bank said Thursday.
"The economy has gained further in vigour and is underpinned by a larger base," a bank statement said.
The rate increase had been widely expected by investors, and is the fourth since the Swiss central bank began increasing the cost of money in 2004.


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Credit Suisse analyst quoted by Bloomberg today:

``The Bank of England stands out as the only central bank

amongst the G7 which is not on a tightening track,'' Credit

Suisse strategists wrote. ``We continue to see sterling as a good

place to express our dollar-bullish outlook.''

I bet Steve Nickell feels quite clever now.

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In the meantime, the BoE are building sand castles and burying their heads!

Up across the board against most currencies today though! In fact it's up 2% up against the NZ$ and as I'm heading for the third test in Napier in a few days I'll settle for that! :)

Edited by ILikeBigBoobs

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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