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...A day after the Fed meeting, the Swiss National Bank unexpectedly cut its interest rates, knocking about 1 per cent off the value of its currency....
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...The moves came after the Swiss National Bank became the first major central bank to start easing monetary policy as it unexpectedly cut its headline interest rate by 25 basis points to 1.5 per cent....
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...These moves helped to shrink the balance sheet of the eurosystem — which includes the ECB and 20 national central banks — to €6.94tn at the end of last year — down from a peak above €8.8tn in mid-2022....
...The underperformance contributed to a 72 per cent funded ratio last year, compared with a national average of 78 per cent, according to Equable Institute, a New York-based think-tank....
...: The Bank of England’s deputy governor Sarah Breeden speaks at an event hosted by the Swiss National Bank in Zurich Tuesday UK: The CBI publishes its quarterly Financial Services Survey UK: Barclays...
...A postponement of interest rate reductions by the Fed can have two effects....
...It beat the 0.4 per cent forecast by the Bank of England and economists polled by Reuters....
...It made Schiff a national figure and, for Democrats, a leading light of the Trump resistance....
...California has taken a first step to push down pharmaceutical prices in the US state, striking a deal with the maker of a drug that can reverse opioid overdoses to purchase the medicine at a large discount...
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...Thomas Jordan, the long-standing chair of the Swiss National Bank, announced his resignation on Friday, bringing to an end a turbulent tenure of unorthodox policymaking....
...Argentina’s central bank has put the country’s first 10,000-peso notes into circulation, in a long-awaited step to streamline the nation’s cumbersome use of large heaps of cash following the collapse of...
...Stocks tied to real estate listings tumbled after the National Association of Realtors settled a lawsuit related to sales commissions, which are expected to drop....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
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