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Business > Foreign Business
Swiss central bank ups reserve requirement
By Agence France-Presse
Apr 24, 2024 12:21 am

ZURICH, Switzerland: The Swiss central bank said on Monday it would raise the amount of funds that domestic lenders must store in its vaults, a move that weighed on UBS shares.

The Swiss National Bank (SNB) said the minimum reserve requirement will increase from 2.5 percent to 4 percent from July 1.

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