The Swiss National Bank SNB announced on Thursday a 0.25 percentage point cut to its key interest rate, bringing it down to zero. This marks the sixth consecutive rate reduction as the central bank continues its efforts to support the economy amid weakening inflationary pressures.
In a move aimed at supporting the domestic economy ahead of the presidential elections, the Bank of Korea announced on Thursday a 25 basis point cut in its benchmark interest rate, lowering it 2.75% to 2.5%. This unexpected decision comes just five days before the scheduled election on June 3rd, amid political instability and visible signs of economic slowdown.
The International Monetary Fund IMF has urged Egypt to proceed cautiously with interest rate cuts, amid global uncertainty triggered by tariffs imposed by U.S. President Trump.
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