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Swiss National Bank cuts rates for the second time in 2024

Jennifer Schonberger
·Senior Reporter

The Swiss National Bank has cut interest rates for the second time this year, while the Bank of England and Bank of Norway have left rates unchanged. Yahoo Finance's Jennifer Schonberger reports more on the move and what it signals about the state of inflation.

These monetary policy decisions come after the European Central Bank cut rates from 4% to 3.75%. Inflation in the UK has declined as energy and food prices have fallen. Meanwhile, the Swiss National Bank pointed to easing price pressures as a factor contributing to its second cut.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl

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