Thu, 23 Mar 2023 10:20:38 GMT
Swiss Franc strengthens due to SNB
The Swiss National Bank has hiked its SNB Policy Rate from 1.00% up to 1.50%. The central bank has hiked interest rates despite the ongoing turmoil in the country's banking sector.
As a result of the rate hike the Swiss Franc immediately gained value against peer currencies. The SNB hike caused a 0.46% percent decline. The combined actions by