Swiss central bank says crisis halted as it hikes interest rates

Switzerland's banking crisis has been halted, the country's central bank said Thursday as it hiked interest rates for the fourth time in a bid to contain inflation.Together with the Swiss government and financial market regulator FINMA, the Swiss National Bank helped orchestrate the emergency takeover of Credit Suisse (CS) by UBS (UBS)on Sunday to prevent the collapse of the country's second-biggest bank.

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