Swiss National Bank Cuts Rate

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Swiss National bank

CNBC

•

Business

Business & Economics

Swiss National Bank makes quarter-point interest rate cut, cites 'low inflationary pressure'

Summary

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86% Informative

The Swiss National bank on Thursday trimmed its key interest rate by a further 25 basis points.

The move takes the bank's main rate to 0.25% . The cut was widely anticipated, with traders previously pricing in an over 70% chance of a quarter -point reduction.

The decision comes as Swiss inflation fell to an almost four-year low of 0.3% on an annual basis in February .

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formal

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English

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