The Swiss National Bank has cut interest rates for the second time this year, while the Bank of England and Bank of Norway have left rates unchanged. Yahoo...
The Swiss National Bank has cut interest rates for the second time this year, while the Bank of England and Bank of Norway have left rates unchanged. Yahoo Finance'sfrom 4% to 3.75%. Inflation in the UK has declined as energy and food prices have fallen. Meanwhile, the Swiss National Bank pointed to easing price pressures as a factor contributing to its second cut.
The Bank of England worries that since those declines are unlikely to continue rapidly rising prices for services will push the rate of inflation back above its target in the second half of this year.Elsewhere, Norway's Central Bank also stayed on the sidelines today leaving its key rate unchanged. Bill Gates' former assistant is worth $154 billion — and could soon be richer than the Microsoft cofounder
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