SNB cuts rates

Swiss National Bank

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.

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