Central Banks
SNB Is Edging Toward Zero Rate in Tussle With Franc Speculators
- Swiss officials are confronting strong currency, low inflation
- Most economists anticipate quarter-point cut this week
Switzerland’s two-year stint of positive interest rates is about to inch closer to a potential end with the central bank’s likely move to cut borrowing costs this week.
A widely predicted quarter-point reduction in the Swiss National Bank’s benchmark to 0.75% would bring policymakers just three such steps away from zero. Acting once every three months, they might well get there in the course of 2025 unless they switch to a slower pace of easing.