Swiss National Bank cuts policy rate further as low inflation persists
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Euronews.com
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The Swiss National Bank (SNB) reduced its benchmark interest rate to 0.25% amid economic uncertainty and low inflation, marking its first rate cut since December. Swiss inflation has decreased to 0.3%, with predictions of 0.4% for this year. Swiss stocks showed positive movement, but the State Secretariat for Economic Affairs (SECO) has lowered growth forecasts for the Swiss economy, expecting growth below historical averages for the next two years. Experts highlight the impact of global trade conditions on Swiss growth. Teljes cikk (Euronews.com)