Swiss central bank keeps zero-rate as tariffs take their toll
The Swiss National Bank warns that 39% US tariffs on exports have lowered growth forecasts for 2026 to just under 1%, while maintaining an expansionary monetary policy.
- The Swiss National Bank announced it is maintaining its policy rate at zero percent on Thursday due to economic challenges.
- Central Bank Chief Martin Schlegel highlighted that the US tariffs present a major challenge for affected companies and are likely to dampen economic activity.
- Bern is pursuing negotiations with Washington to achieve lower tariffs, while the impact of the tariffs remains uncertain.
58 Articles
58 Articles
Swiss franc steady as SNB holds rate at zero, traders await US data
LONDON :The Swiss franc was little changed against the dollar on Thursday as the Swiss National Bank kept the interest rate at zero, as expected, while the greenback was also steady as traders awaited U.S. data that may outline the impact of tariffs and the outlook for rates.The SNB held its key interest unch
The Swiss National Bank (BNS) indicated that a new cut in the basic rate is possible if a period of decline in prices, or deflation, becomes a threat
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