SNB raises interest rates by 50 basis points, and the next few weeks will be crucial to UBS’s successful bid for Credit Suisse

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China Business News 2023-03-24 13:13:36

Editor in charge: Zhang Minkai

On the 23rd local time, the Swiss National Bank announced an interest rate hike of 50 basis points to 1.5% in response to rising inflationary pressures. In addition, Swiss National Bank President Thomas Jordan said on the same day that the next few weeks will be critical to UBS’s successful acquisition of Credit Suisse.

SNB raises interest rates by 50 basis points, and the next few weeks will be crucial to UBS’s successful bid for Credit Suisse

On the 23rd local time, the Swiss National Bank announced an interest rate hike of 50 basis points to 1.5% in response to rising inflationary pressures. In addition, Swiss National Bank President Thomas Jordan said on the same day that the next few weeks will be critical to UBS’s successful acquisition of Credit Suisse.

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