Interview with SNB's Hildebrand

In an interview with Swissinfo, published on Thursday 15 June, Swiss National Bank governing board member Philipp Hildebrand said the recent interest rate increase is unlikely to be the last.

"It's part of our normalisation strategy that we've talked about for quite some time. We came from a very low level of interest rates, we feel that the policy stance today is still expansionary and so further normalisation is required," Hildebrand said.

"Given today's vantage point and provided the economy

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