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.
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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 (SNB) has lowered its economic outlook for Switzerland due to the high US import tariffs. The SNB announced this on Thursday, along with its decision to maintain the country's interest rate at 0 percent.
Swiss central bank keeps zero-rate as tariffs take their toll
Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy.
Swiss National Bank keeps interest rate at zero
The Swiss National Bank held its key interest rate at zero today, the lowest among major central banks, as it warned that US President Donald Trump's tariffs had dimmed the outlook for the Swiss economy going into 2026.
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