Switzerland Cuts Interest Rate to
Photo: Ennio Leanza/AP

Switzerland Cuts Interest Rate to 0 Percent

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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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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