Switzerland's central bank has announced a cut in interest rates to a historic low and said it announced non-standard measures to boost liquidity and curtail the rise of the Swiss franc.
The Swiss National Bank said it has set a new fluctuation band for the three-month Swiss franc London interbank offered rate of 0% to 0.75%, down from 0% to 1% previously.
Bottom line, we are in a global re-inflation that will ultimately impact countries worldwide. My rough guess is that the inflation kicks in no later than sometime next year.
Looks like the IMF could make sure anyway.
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