Iceland and Switzerland cut rates, while Sweden holds
Central banks highlight global developments and high levels of uncertainty
The central banks of Iceland and Switzerland have both cut rates by 25 basis points, while Sweden’s has held rates and slightly revised its outlook.
All three of the central banks cited high levels of global uncertainty in explaining their decisions.
Iceland: unanimous 25bp cutThe Central Bank of Iceland cut its key rate by a quarter point on March 19.
No members of the bank’s monetary policy committee dissented from the decision to lower the rate on seven-day term deposits to 7.75%.
In a statement
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