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SNB lowers Sight Deposit Rate by 25 bps to 0% as expected

The Swiss National Bank (SNB) announced on Thursday that it cut the benchmark Sight Deposit Rate by 25 basis points (bps) to 0% from 0.25% following its monetary policy assessment for the June quarter.

 The decision came in line with the market expectations.

Summary of the SNB policy statement


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Pound Sterling faces selling pressure ahead of BoE’s monetary policy announcement

The Pound Sterling (GBP) trades lower against its major peers, except antipodeans, on Thursday. The British currency faces selling pressure ahead of the Bank of England’s (BoE) monetary policy announcement due at 11:00 GMT.
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Switzerland SNB Interest Rate Decision meets forecasts (0%)

Switzerland SNB Interest Rate Decision meets forecasts (0%)
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