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Swiss Central Bank Keeps Rate Unchanged

Switzerland's central bank kept its key interest rate at 0% on Thursday, defying the tightening cycle begun by the Federal Reserve and European Central Bank.
Alternative energy sources and a history of low inflation expectations keep Switzerland insulated from inflationary surges seen in neighboring nations, allowing the bank to maintain lower rates than peers.
Gedeon Tumong, head of finance specialization at HIM Business School, noted the Swiss economy enjoys a "safe haven dividend" where foreign capital inflows support the Swiss Franc and curb imported inflation.
Traders now price in more than a 90% chance the SNB will begin hiking by early 2027, with LSEG data showing the key rate could reach at least 0.75% by next September.
Recent Swiss Franc depreciation against the Euro increases concerns that inflation may accelerate, prompting UBS economists to suggest the bank could enact a hike earlier than initially expected.

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21 Articles

Switzerland Remains at Zero Interest Rates Despite Inflation

Despite rising inflation, the Swiss National Bank (SNB) does not charge the key interest rate. This remains unchanged at zero percent, the central bank announced on Thursday. This is the lowest level of all major currency areas.

5 hours ago·Vienna, Austria

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Interfax.ru

Lean Right

The SEC of Switzerland Maintained the Rate at Zero and Increased the Forecast of Inflation

The Swiss National Bank (SNB, Central Bank of the country) maintained a key interest rate of 0 per cent per annum at the end of the Thursday session.

6 hours ago

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Free Malaysia Today News

Lean Right

Swiss National Bank holds rates as expected, despite rising inflation

The central bank resisted pressure to counter rising inflation caused by the war in the Middle East, which has prompted other central banks to hike borrowing costs.

6 hours ago·Petaling Jaya, Malaysia

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연합뉴스-Yonhap News Agency

Lean Right

Amid Tightening Stances in Major Countries… Switzerland Maintains Zero Interest Rates for the 15th Consecutive Month

(Berlin=Yonhap News) Correspondent Kim Gye-yeon = The Swiss central bank maintained zero interest rates despite the tightening stance of monetary authorities in major countries.

6 hours ago·Seoul, Korea (the Republic of)

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RTÉ

Center

Swiss National Bank holds rates - as expected

The Swiss National Bank kept its benchmark interest rate on hold today, resisting pressure to counter rising inflation caused by war in the Middle East which has seen other central banks hike borrowing costs.

7 hours ago·Ireland

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RTTNews

Center

Swiss Central Bank Keeps Rate Unchanged

The Swiss National Bank retained its key interest rate at zero percent, as widely expected, on Thursday. Banks' sight deposits held at the central bank will be remunerated at the SNB policy rate up to a certain threshold, the bank said.

7 hours ago

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