US EditionWhat Switzerland's New Zero-Percent Interest Rate Will Mean for You
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Switzerland Interest Rate Reaches 0%, Gap With Fed Funds Soars To Historic Levels Switzerland Interest Rate Reaches 0%, Gap With Fed Funds Soars To Historic Levels
The Swiss National Bank cut its benchmark interest rate by 25 basis points to 0% on Thursday, marking the lowest level since 2022.
·New York, United States
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Since inflation has become too low, the Swiss National Bank (SNB) has lowered its policy rate to 0% on Thursday, so savers will no longer see their savings grow, but this could also mean more advantageous rates for mortgages and loans.
Concerned about an imminent deflation, the Swiss National Bank lowered the key rate for the sixth time in a row – and no longer excludes even negative interest rates
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