Reported about 1 year ago
The Swiss National Bank (SNB) cut borrowing costs for the second consecutive meeting to address low inflation and a strengthening franc. The unexpected 25 basis points reduction to 1.25% was aimed to tackle economic challenges. The franc weakened after the announcement, and the SNB adjusted its inflation forecast, expecting it to be at 1% in 2026. The SNB's decision contrasts with other central banks like the Federal Reserve and the European Central Bank, signaling a bolder approach by the SNB in response to economic conditions.
Source: YAHOO