By Xavier FontdegloriaThe Swiss National Bank on Thursday unexpectedly increased its policy interest rate for the first time since September 2007. The country's central bank increased its policy rate by half a percentage point, to minus 0.25% from minus 0.75%, in an effort to tame inflation. Economists polled by The Wall Street Journal had expected the bank to leave rates on hold.

Source: Wall Street Journal June 16, 2022 08:06 UTC