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swiss national bank lowers key interest rate amid economic uncertainty
The Swiss National Bank (SNB) has lowered its key interest rate by a quarter percentage point, continuing its monetary policy despite recent economic tensions. This decision comes amid weak inflationary pressure and increased risks to inflation, with the inflation forecast remaining largely unchanged.
Goldman Sachs secures 1 billion for climate credit investment strategy
Goldman Sachs Alternatives has raised $1 billion for a private credit strategy aimed at climate and environment-related businesses, focusing on senior loans while addressing a supply-demand imbalance in sustainable investments. The firm plans to raise up to $3 billion, targeting net returns of 8-10% for levered deals and 13% for unlevered deals, primarily in North America and Europe. This initiative follows a trend in sustainable credit, with other firms also raising significant funds for climate-focused projects.