【CNBC】Switzerland makes second interest rate cut as major economies diverge on monetary policy easing

• The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.
• Two thirds of economists polled by Reuters had anticipated the SNB would decide in favor of a 25-basis-point-cut to 1.25%.
• The country’s inflation flatlined at 1.4% in May after a bump up in April and is expected to average the same level across full-year 2024, according to the SNB’s latest projections.

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