Bloomberg Television
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SNB Rate Cut Courageous Step: BlackRock's Hildebrand
Posted
March 21, 2024
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3:17Now PlayingThe decision by the Swiss National Bank to cut its key interest rate by 25 basis points is a courageous step but "perfectly justifiable" when looking at the inflation forecast. BlackRock's Vice Chairman Philipp Hildebrand tells Bloomberg Television. Officials in Zurich lowered their benchmark to 1.5% and the franc tumbled after the decision, falling more than 1% against the dollar.
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