Swiss central bank cuts rates to zero
BERN-MITTELLAND DISTRICT, CANTON OF BERN, JUN 19 – The Swiss National Bank lowered rates for the sixth time since March 2024 to counter deflation and a franc appreciation of about 11% against the US dollar this year.
- On December 12, 2024, in Bern, Switzerland, the Swiss National Bank lowered its key interest rate to zero percent.
- The rate cut was prompted by Swiss inflation dipping below zero for the first time in four years, alongside the Swiss franc's notable strengthening.
- The SNB aimed to counter lower inflationary pressure caused by the franc's safe-haven flows and global economic uncertainty amid trade tensions.
- In 2025, the Swiss franc strengthened by about 11% against the U.S. dollar, contributing to a 0.1% annual decline in consumer prices in May and raising concerns over potential deflation.
- The SNB remains ready to adjust policy, including possible negative rates and currency interventions, depending on evolving inflation and global economy conditions.
53 Articles
53 Articles
The note of the Bns: "Inflationary pressure is backward from the previous quarter. With the easing of our monetary policy announced today we counter this decrease"
The Swiss National Bank responded to declining inflation with the sixth rate reduction in a row.
The Swiss National Bank takes the next step and lowers the key interest rates to zero percent. Will the negative interest rates come back soon?
Unlike many other central banks, the Swiss one is struggling with too low inflation. That's why it's cutting interest rates to zero.
Swiss National Bank slashes interest rate to 0% as inflation turns negative
The Swiss National Bank (SNB) reduced its key interest rate to 0% on Thursday, citing a decline in inflation, pressure from a stronger Swiss franc, and uncertainty fuelled by US trade policies. This marked the sixth consecutive rate cut since March 2024, bringing the benchmark down from 0.25%. The move comes after inflation in Switzerland turned negative in May for the first time in four years, falling outside the SNB's 0–2% target range. Did yo…
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