By John Revill
Reuters
Thursday, June 19, 2025
ZURICH -- The Swiss National Bank today cut its interest rate to zero and did not rule out returning borrowing costs to negative territory in future, although it stressed this was not a step it would take lightly.
The bank reduced its policy rate by 25 basis points from 0.25%, as expected by markets and a Reuters poll, to stand on the brink of negative rates for the first time since 2022.
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The central bank now has the lowest borrowing costs among its peers, with markets giving a 53% probability of further cuts in September. ...
For the remainder of the report:
https://www.reuters.com/business/finance/swiss-national-bank-cuts-interest-rates-zero-2025-06-19/ [2]
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