20. Juni 2025|
AI
|6 months agoSwiss National Bank Makes Historic Move to Zero Interest Rate
The Swiss National Bank (SNB) has cut its key interest rate to 0%, marking a significant shift in monetary policy amid low inflation pressures.
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Generated IllustrationKey Takeaways
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- The Swiss National Bank (SNB) has cut its key interest rate from 0.25% to 0%.
- This marks the sixth consecutive interest rate cut by the SNB.
- The rate cut is a response to the Swiss franc soaring against the dollar following US tariffs.
- Inflation in Switzerland has slipped into negative territory.
- SARON mortgages will see immediate benefits from the rate cut.
By The Numbers
0%
New Key Interest Rate
25 basis points
Size of Rate Cut
1.75%
Peak Interest Rate
1.5%
Reference Interest Rate
They Said
"The SNB wants to prevent negative inflation at all costs. To do this, it must significantly lower interest rates."
"The economic outlook for Switzerland remains uncertain. Developments abroad continue to represent the main risk."