Thu, 19 Jun 2025 08:56:02 GMT
Swiss National Bank cuts intrest rates
The Swiss National Bank (SNB) has cut its interest rate by 0.25 percentage points to 0%, starting June 20, 2025. This is due to falling inflation, which dropped from 0.3% in February to -0.1% in May, mainly because of cheaper oil and lower travel prices.
Banks will now earn 0% interest on their deposits at the SNB, up to a certain