US EditionSwiss central bank cuts rates to zero
- 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.
51 Articles
51 Articles
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?
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…
Watauga Democrat
Swiss central bank cuts interest rates to zero percent
The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated.
Swiss rate cut spotlights Europe’s disinflation risk
The Swiss National Bank lowered interest rates to zero, spotlighting worries of falling inflation in Europe. The central bank’s decision — along with a similar move by Norway — marks a contrast to peers across the rich world: The Bank of England held interest rates at 4.25% Thursday, while the US Federal Reserve also declined to cut rates the day before, amid uncertainty on the economic impact of Washington’s tariffs and the Israel-Iran conflict…
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