Three interest-rate cuts in just over 24 hours by central banks in Europe highlighted a shift as monetary officials seek to manage the fallout from Donald Trump’s unpredictable trade policies.
Central bankers in Switzerland and Sweden had suggested as recently as March that they were most likely done loosening, but the Swiss National Bank instead trimmed borrowing costs by 25 basis points on Thursday, following a similar move by Sweden’s Riksbank a day earlier.
https://www.bloomberg.com/news/articles/2025-06-19/three-european-rate-cuts-seek-to-contain-us-tariff-upheaval
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