Swiss National Bank holds key rate at 0% as markets expect hikes ahead
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On Thursday the Swiss National Bank kept its key rate at 0%, diverging from the European Central Bank, U.S. Federal Reserve and Bank of Japan as Swiss annual inflation reached 0.8% in August. Traders see close to 50-50 odds of a December hike and more than a 90% chance the SNB will begin raising rates by early 2027, with bets on at least 0.75% by next September.
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