Swiss National Bank Sticks with 0% Rate, Citing Steady Economic Growth

The Swiss National Bank maintained its interest rate at 0%, citing steady economic growth and manageable inflation in Switzerland, marking a pivotal moment as it published meeting minutes for the first time.

• In its latest meeting, the Swiss National Bank decided to keep the interest rate at 0%, as the economic outlook for Switzerland remains stable.
• The monetary policy currently in place is deemed sufficient by the Swiss National Bank, with previous rate cuts still impacting the economy.
• The Swiss National Banks minutes, released for the first time, indicate that future inflation levels do not warrant a shift into negative interest rates.