The Swiss National Bank reduced its policy rate to zero on Thursday as inflation turned negative and the currency strengthened further amid global trade tensions.
The bank decided to lower the SNB policy rate by 0.25 percentage points to zero percent. This was the sixth consecutive reduction.
The bank has reduced the key rate by 175 basis points since March 2024. The bank had exited its negative rate in 2022 after holding it for over seven years.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.