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'The SNB rate hike slapped the ECB in the face': PineBridge chief economist
The Swiss National Bank’s (SNB) rate hike in June was the correct decision, according to the chief economist of PineBridge Investments. ‘The SNB rate hike was courageous,’ Markus Schomer said of the 0.5 percentage point policy rate increase. When it was announced in June, some Swiss wealth managers were surprised…
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