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Switzerland keeps its policy rate at 0% for now

The Swiss National Bank cited low inflation and a strong franc as reasons it can diverge from other central banks, even as markets look for potential hikes ahead.

Reported · Written up by our desk · Central Banks

CNBC Economy reports that the Swiss National Bank kept its policy rate at 0%.

The central bank said low inflation and a strong franc give it room to differ from other central banks, according to CNBC Economy.

Markets, however, are positioning for potential rate increases later, the outlet added.

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