Switzerland Cuts Interest Rate to 0 Percent

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Switzerland Cuts Interest Rate to 0 Percent
Photo: Ennio Leanza/AP

Switzerland's central bank, SNB, lowers the country's interest rate by 0.25 percentage points to 0 percent. According to Trading Economics' compilation, it is the only country right now that has zero interest rate.

It was expected that the central bank would lower by exactly 0.25 percentage points, but also a double lowering was a possibility, SEB wrote in its morning letter before the announcement came.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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