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Investing.com -- The Swiss National Bank (SNB) lowered its interest rate to zero on Thursday, responding to declining inflation, upward pressure on the Swiss franc, and economic uncertainty linked to U.S. trade policies.
The central bank reduced its policy rate by 25 basis points from the previous level of 0.25%.
This move aligned with market expectations.
The SNB cited several factors driving the decision, including falling inflation in Switzerland, appreciation pressure on the Swiss franc, and economic uncertainties stemming from what it described as unpredictable trade policies from the U.S. administration.
The rate cut comes as Switzerland joins other central banks adjusting monetary policy in response to changing economic conditions.
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