DOW Futures Plunge More Than 2% After Swiss National Bank Unexpectedly Hikes Rates by Half a Point
The central bank increased its policy rate to -0.25% from the -0.75% level it has deployed since 2015. The hike was the first increase by the SNB since September 2007. On Thursday, the Swiss National Bank hiked its policy interest rate for the first time in 15 years, joining other central banks in quantitative tightening […]
