The rate hike by the Swiss National Bank has far-reaching consequences for savers, consumers and mortgage holders. Those are the main points.
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The uncertainty after the SNB rate hike was reflected in the losses on the Swiss stock exchange on Thursday.
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The interest rate hike by the Swiss National Bank (SNB) is causing significant changes in the mortgage market and negative interest rates on bank deposits. Surprisingly for many financial market participants, the SNB announced on Thursday that it was raising the key interest rate by half a percentage point to -0.25 percent.
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