ZURICH, June 20(Reuters) – The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easing price pressures that allowed it to maintain its position as a frontrunner in the global policy easing cycle now underway.
The Swiss franc weakened and stocks gained after the central bank cut its policy rate by 25 basis points to 1.25%, as expected by two-thirds of analysts polled by Reuters, following a similar move in March.
Source: REUTER
