SLIGHT ECB RATE CUT BRINGS RELIEF TO SWITZERLAND’S CENTRAL BANK

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The European Central Bank announced a fresh stimulus package and cut its deposit rate by 10 basis points today, as it looks to support the eurozone economy. But this small adjustment, says Stefan Gerlach, EFG Bank chief economist, is likely to have a “minimal effect” for the SNB, bringing some relief ahead of its next meeting.

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