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Swiss central bank cuts interest rates to zero percent

World News

19-06-2025 | 03:50

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Swiss central bank cuts interest rates to zero percent

The Swiss National Bank cut interest rates by 0.25 percentage points to zero percent on Thursday, refraining from returning to negative rates for the time being.

"Inflationary pressure has decreased compared to the previous quarter. With today's easing of monetary policy, the SNB is countering the lower inflationary pressure," the central bank said in a statement.

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