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Swiss central bank cuts interest rates to zero percent
Cape Argus
|June 20, 2025
THE Swiss National Bank cut interest rates by a quarter point to zero percent on Thursday, refraining from returning to negative rates despite its gloomy outlook for the global economy.
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The move is aimed at taming the Swiss franc, a safe haven that has soared against the dollar since President Donald Trump launched his tariff onslaught in April.
It also comes as consumer price increases have eased in Switzerland.
"Inflationary pressure has decreased compared to the previous quarter. With today's easing of monetary policy, the SNB is countering the lower inflation-ary pressure," the central bank said in a statement.
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