SNB: Vulnerabilities on the mortgage and real estate markets persist

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In its monetary policy statement, the Swiss National Bank (SNB) highlights the persistent risks to Switzerland’s real estate sector while noting that more tightening could be on the cards.

Also read: SNB hikes key deposit rate by 50 bps to 1.50%, as widely expected

At the time of writing, USD/CHF is holding the lower ground near 0.9130, losing 0.48% on the day.

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