ZURICH -The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and declared that measures to support Credit Suisse had 'put a halt to the crisis'. The central bank said that additional rate rises could not be ruled out and that it was willing to be active in the foreign exchange market if necessary. 'The measures announced at the weekend … have put a halt to the crisis,' it said in a statement. 'The SNB is providing large amounts of liquidity assistance in Swiss francs and foreign currencies.
https://business.inquirer.net/392588/swiss-national-bank-raises-rates-says-bank-crisis-stopped#inquirer
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