Swiss National Bank Holds Interest Rate at Zero Amid Tariff Concerns
The central bank maintained its zero percent policy rate, warning of possible economic effects from existing and potential tariffs.
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Terms & Concepts
Policy Interest Rate: The benchmark interest rate set by a central bank, which influences borrowing costs and overall economic activity.
Tariffs: Taxes imposed on imported goods, used to protect domestic industries or raise government revenue, potentially affecting trade and economic growth.