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June 19, 2025

News Desk

Business

Swiss National Bank reduces the interest rate to 0%as inflation becomes negative

Listen to the article The Swiss National Bank (SNB) reduced its main interest rate to 0% on Thursday, reporting inflation, pressure from a stronger Swiss franc and uncertainty fueled by US trade policies. This has marked the sixth consecutive reduction in interest rates from March 2024, reducing the reference point from 0.25%. The move comes after inflation in Switzerland that became negative in May for the first time in four years, falling outside the 0-2% target range of SNB. Do you know?Switzerland simply reduced its interest rate to 0%. With inflation negative and the strengthening of the franc, the SNB