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Swiss National Bank Holds 0% Rate Amid Low Inflation

12/11/2025

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Summary

Story summary

The Swiss National Bank (SNB) kept its policy rate at 0% at its meeting, citing a weak inflation outlook.
The decision aligns with economists' forecasts about inflation.
SNB President Martin Schlegel said inflation is lower than expected, prompting a downward forecast revision for two years.
The strong franc, aided by a U.S. trade deal, lowers import prices.
The SNB remains prepared to adjust policy if necessary to ensure price stability.

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Story summary

The Swiss National Bank (SNB) kept its policy rate at 0% at its meeting, citing a weak inflation outlook.
The decision aligns with economists' forecasts about inflation.
SNB President Martin Schlegel said inflation is lower than expected, prompting a downward forecast revision for two years.
The strong franc, aided by a U.S. trade deal, lowers import prices.
The SNB remains prepared to adjust policy if necessary to ensure price stability.