SNB Seen Hiking Rates in Consecutive Quarter-Point Steps – Bloomberg

The Swiss National Bank is set to raise borrowing costs in consecutive 25 basis-point steps through March, according to economists surveyed by Bloomberg. That means the central bank — which kicked off hikes with a surprise half-point move last month — would exit negative interest rates at its September meeting, ending more than seven years in sub-zero territory. Once the policy rate hits 0.5% in March, economists expect the SNB, which holds quarterly policy meetings, to keep it at that level for the rest of 2023.

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