Swiss National Bank Cuts Interest Rates to Zero

The Swiss National Bank (SNB) delivered a significant monetary policy shift on Thursday, June 19, 2025, cutting its benchmark interest rate to zero percent and marking the return of Zero Interest Rate Policy (ZIRP) in one of the world’s most stable economies. This decisive move represents the sixth consecutive rate reduction since March 2024, as Switzerland grapples with deflationary pressures, currency appreciation, and global trade uncertainties stemming from renewed U.S. trade tensions.

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