Tag #Snb

What is the immediate impact of the SNB's interest rate cut on the Swiss economy and financial markets?

The Swiss National Bank (SNB) cut its benchmark interest rate by 250 basis points to 0.25 percent on Thursday, in line with market expectations due to persistent economic uncertainty and low inflation. This is the first rate cut since a surprise 50 basis point reduction last December, and follows inflation falling to 0.3 percent in February from 0.7 percent in November 2024, primarily due to lower electricity prices.