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in Economy

Swiss central bank cuts rates by a quarter point in third trim this year

by Editor September 30, 2024, 5:16 am 1.2k Views

Switzerland makes second interest rate cut as major economies diverge on monetary policy easing

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024.

Denis Balibouse | Reuters

The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%.

The trim, which had been anticipated by 30 of 32 analysts surveyed in a Reuters poll, marked the SNB’s third interest rate reduction of…

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Swiss central bank cuts rates by a quarter point in third trim this year

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