The Swiss National Bank has cut interest rates once again. It’s down by another quarter of a percent at 1.25%.
Switzerland is the first major country to start on a rate cutting programme. The decision shows the bank is confident inflationary pressures are easing.
Analysts were largely expecting a hold decision from the bank this time.
For the past year, inflation has been between the zero and 2% band - which the bank considers to be acceptable.
Flu cases explode
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Public sector workers march in Geneva
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Most expensive apartment in Zurich
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Swiss winner returns Eurovision trophy
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Call for 130 limit
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Firework initiative causes sparks in parliament
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