The Swiss Franc experienced a sharp decline against the dollar and its peers after the Swiss National Bank’s (SNB) decision to cut interest rates by 25 basis points (bps) to 1.50% in its March meeting held on Thursday. The SNB decided to lower interest rates in response to considerable decreases in both inflation and growth throughout the past year. SNB anticipates inflation to average at 1.9% for 2024. Presently, the inflation rate is substantially below this projection, sitting at 1.2%. Nonetheless, February saw a notable surge in the Consumer Price Index (CPI), increasing by 0.6% compared to the prior month’s 0.2% ... (full story)