Swiss National Bank cuts rate

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Unexpectedly to the financial markets the Swiss National Bank has just cut its base interest rate from 1.75% to 1.50%.

The Swiss Franc is losing value due to the news. USD/CHF currency pair jumped 103 base points or 1.16% over the span of five minutes after the news were announced.
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