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SNB says negative interest rates remain an option
Published by Global Banking & Finance Review®
Posted on July 1, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 1, 2025
1 min readLast updated: January 23, 2026
The Swiss National Bank considers using negative interest rates to maintain price stability, according to board member Atillio Zanetti.
BERN(Reuters) -The Swiss National Bank still has the tools to steer inflation towards its price stability goal even with interest rates at zero, extended governing board member Atillio Zanetti said on Tuesday.
"It's not an obvious step to go into negative rates, but I wouldn't say that we don't want to do that if that's necessary," Zanetti told reporters.
"So negative rates are an option but we are aware that the transmission of monetary policy with negative rates is different than in positive territory," he added.
(Reporting by John Revill)
Atillio Zanetti mentioned that while it's not an obvious step to go into negative rates, they are not ruling it out if necessary.
Zanetti noted that the transmission of monetary policy with negative rates is different than in positive territory, indicating a cautious approach.
The Swiss National Bank currently has interest rates at zero but still possesses tools to steer inflation towards its price stability goal.
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