Norway and Switzerland raise Interest rates

22nd September 2022

In an attempt to curb inflation Norway and Switzerland have raised interest rates.

Norges Bank on Thursday raised interest rates by 50 basis points to 2.25 per cent, and indicated it was likely to make smaller hikes in November, December and March to end up at 3 per cent at the end of winter.

Swiss National Bank has raised its rate by 75 basis points.