The Swiss National Bank raised its key interest rate Thursday, as other central banks in Europe are starting to follow the playbook of the U.S. Federal Reserve in a bid to tame inflation.
Switzerland's central bank hiked its policy rate by half a percentage point, to 1%, the same pace that the Fed chose Wednesday and the Bank of England did a day later. The same hike is expected from the European Central Bank on Thursday, while Norway’s central bank did a smaller quarter-point hike.
