🌎 Swiss Central Bank Maintains Worlds Lowest Rate
Published by OOPSONLINE.IN · Source: Le News · 1 min read · · Updated
What actually happened
The Swiss National Bank (SNB) has left its policy rate unchanged at zero, the lowest policy rate in the world. Photo by Adrien Olichon on Pexels.com Inflation remains subdued. Consumer prices rose by 0.8% in August, the highest rate in two years but still comfortably within the SNB’s definition of price stability, which covers inflation of between zero and 2%. The central bank expects inflation to rise to 1.2% in the fourth quarter, largely because of higher oil prices, before easing again during 2027. Its latest forecast puts average annual inflation at between 0.7% and 0.8% in 2026, 2027 and
Key points
- The Swiss National Bank (SNB) has left its policy rate unchanged at zero, the lowest policy rate in the world.
- Photo by Adrien Olichon on Pexels.
- com Inflation remains subdued.
- Consumer prices rose by 0.
Summary based on data provided by Le News. Full article available at the original publisher.
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- #swiss
- #central