March 24, 2025|
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|9 months agoSwiss Central Bank Makes Surprise Rate Cut Amid Global Uncertainty
Switzerland's central bank unexpectedly cuts interest rates to 0.25%, becoming one of the first major economies to ease monetary policy in 2025
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Generated IllustrationKey Takeaways
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- The Swiss National Bank (SNB) cut its key interest rate by 0.25 percentage points to 0.25%.
- This marks the fifth consecutive rate cut by the SNB since March 2024.
- The current interest rate is at its lowest level since September 2022.
- The US Federal Reserve, Bank of England, and Sweden's Riksbank all voted to hold their interest rates steady in the same week.
- Swiss inflation dropped to 0.3% in February 2025.
By The Numbers
0.25%
New Key Interest Rate
105 euro cents
Exchange Rate Cost
1% to 1.5%
GDP Growth Forecast
4.25% - 4.50%
US Fed Interest Rate
They Said
"With today's rate adjustment, the SNB is ensuring that monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation."
"The economic outlook for Switzerland has become considerably more uncertain."