The Swiss National Bank has cut interest rates for the second time this year, while the Bank of England and Bank of Norway have left rates unchanged. Yahoo Finance’s Jennifer Schonberger reports more on the move and what it signals about the state of inflation.
These monetary policy decisions come after the European Central Bank cut rates from 4% to 3.75%. Inflation in the UK has declined as energy and food prices have fallen. Meanwhile, the Swiss National Bank pointed to easing price pressures as a factor contributing to its second cut.
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