The Swiss National Bank (SNB) is lowering its key interest rate once again, from 1.5% to 1.25%.
This content was published on
2 minutes
Keystone-SDA
-
日本語
ja
スイス中銀、1.25％に利下げ
Read more: スイス中銀、1.25％に利下げ
-
العربية
ar
المصرف الوطني السويسري يُخفّض سعر الفائدة الرئيسي إلى 1.25%
Read more: المصرف الوطني السويسري يُخفّض سعر الفائدة الرئيسي إلى 1.25%
Do you want to read our weekly top stories? Subscribehere.
Underlying inflationary pressure had fallen again compared to the previous quarter, the SNB said on Thursday. By lowering the key interest rate, it was able to maintain appropriate monetary conditions, it said.
Back in March, the SNB was one of the first major central banks worldwide to lower its key interest rate, which came as a surprise. The SNB had previously raised the key interest rate from -0.75% in June 2022 to 1.75% in just five steps and then left it unchanged twice.
The SNB would continue to monitor the development of inflation closely, it said on Thursday, and would adjust its monetary policy “if necessary” to ensure price stability in the medium term as well.
The SNB also said it was still prepared to be active on the foreign exchange market if required.
Adapted from German by DeepL/kp/ts
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a lookhere, and if you have feedback on this news story please write toenglish@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again. Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
More
Swiss Politics
Swiss politicians concerned by Ukraine peace conference
Read more: Swiss politicians concerned by Ukraine peace conference
More
Workplace Switzerland
‘Swatch has no competition’ in its Swiss-made watch segment
Read more: ‘Swatch has no competition’ in its Swiss-made watch segment
More
Science
The Swiss have to eat less meat by 2050. Here’s how.
Read more: The Swiss have to eat less meat by 2050. Here’s how.
More
Foreign affairs
Swiss summit kick-starts Ukraine peace process
Read more: Swiss summit kick-starts Ukraine peace process
More
Banking & Fintech
Switzerland could lose wealth crown to Hong Kong, UBS chief warns
Read more: Switzerland could lose wealth crown to Hong Kong, UBS chief warnsMore
Debate
Hosted by: Simon Bradley
Are you trying to avoid news? Why?
Are you very interested in news or a “news avoider”? Why do you think overall interest in news is falling?Have your say on the issue here.
Join the discussion
12
Likes
12
Comments
More
Debate
Hosted by: Elena Servettaz
Should politics be kept out of sporting and cultural events?
Cultural and sporting events are being increasingly politicised. Is this a problem?
Join the discussion
18
Likes
18
Comments
More
Debate
Hosted by: Ying Zhang
What measures have been taken to prevent floods in your area?
Have you ever experienced a flood event? Have you witnessed a significant increase in flooding where you live? What measures have been taken in your country to prevent recurrent flooding? Are these measures effective?
Join the discussion
6
Likes
13
Comments
News
More
Equality not achieved in Switzerland according to the Federal Council
This content was published on Equality between women and men has not yet been achieved in Switzerland. But the targeted promotion of gender equality represents significant progress.
Read more: Equality not achieved in Switzerland according to the Federal Council
More
Federal Council appoints Martin Schlegel as new SNB Chairman
This content was published on Martin Schlegel will become Chairman of the Swiss National Bank and Petra Tschudin will become a new member of the Governing Board.
Read more: Federal Council appoints Martin Schlegel as new SNB Chairman
More
Federal Council to invest CHF3.5 billion in regional transport
This content was published on The federal council wants to spend an average of 1.7% more per year on rolling stock and the further expansion of services for regional public transport.
Read more: Federal Council to invest CHF3.5 billion in regional transport
More
One in five people in Switzerland do not get enough exercise, according to the WHO
This content was published on According to a report by the WHO, a lack of exercise has significant consequences for people's health and is very expensive for the healthcare system.
Read more: One in five people in Switzerland do not get enough exercise, according to the WHO
More
Dead bodies in Lake Constance: German investigators identify Swiss man
This content was published on German police have identified one of the two bodies recently discovered in Lake Constance. It is the body of a 79-year-old man from Chur in Switzerland.
Read more: Dead bodies in Lake Constance: German investigators identify Swiss man
More
Wisekey to put a new generation of satellites into orbit
This content was published on The Swiss cyber security company Wisekey is planning to launch a new generation of satellites.
Read more: Wisekey to put a new generation of satellites into orbit
More
Zurich and Bern to provide better care for prisoners in pre-trial detention
This content was published on The cantons of Zurich and Bern are testing better conditions for prisoners. The project costs CHF12.8 million.
Read more: Zurich and Bern to provide better care for prisoners in pre-trial detention
More
Missing man found dead at Giessbach Falls
This content was published on A man who went missing at Giessbach Falls near Brienz was recovered dead amidst difficult conditions on Tuesday morning.
Read more: Missing man found dead at Giessbach Falls
More
UBS CEO sees functioning competition in corporate banking
This content was published on Swiss industry plays an important role in UBS's business model and is a key factor in the success of the Swiss economy, according to Ermotti.
Read more: UBS CEO sees functioning competition in corporate banking
More
Air traffic at Geneva Airport resumed
This content was published on Air traffic at Geneva Airport resumed on Wednesday morning after it had been closed for two hours on Tuesday evening due to flooding.
Read more: Air traffic at Geneva Airport resumed
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
