IMF Supports Switzerland's Interest Rate Cut

Switzerland's recent reduction in borrowing costs has received support from the International Monetary Fund (IMF). The IMF stated that the move was appropriate, considering that consumer-price growth is under control, with inflation comfortably in the 0% to 2% price stability range. The Washington-based lender emphasized that the Swiss National Bank made the right decision to lower its policy rate in March, as outlined in their annual assessment of the country.