The Swiss National Bank (SNB) is taking a break from interest rates. After six consecutive interest rate cuts, the key interest rate will remain at 0.00%, the SNB announced on Thursday. +Get the most important news from Switzerland in your inbox Inflationary pressure is practically unchanged compared to the previous quarter, the SNB wrote in a statement. The SNB will continue to monitor the situation closely and adjust its monetary policy if necessary to ensure price stability. However, the economic outlook for Switzerland remains uncertain, the central bank said. The significantly higher tariffs imposed by the United States in August in particular have clouded the outlook. The main risks for the Swiss economy therefore remain US trade policy and the development of the global economy. + Low interest rates fuel Swiss dream of home ownership The SNB's latest decision comes as no surprise. The vast majority of economists had expected this in advance. Prior to this, the SNB had cut the ...
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