
Switzerland could see the return of negative interest rates after the April inflation figures show a rate of zero.
Interest rates are currently 0.25% - which leaves the Swiss National Bank little room for manoeuvre.
Low interest rates are a problem as it fuels property prices and props up companies which should probably close.
Analysts expect rates to be cut to zero at the next bank meeting – and negative rate could be next.
The low interest rates are having little effect on the strength of the franc, which is being driven by global events.