Swiss National Bank ready to take rates below zero to tackle low inflation
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
The Swiss National Bank is ready to cut interest rates below zero to prevent inflation from falling below its target, according to Chairman Martin Schlegel.
ZURICH (Reuters) -The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday.
"No one likes these negative interest rates, obviously the Swiss National Bank doesn't like it," Schlegel told an event in Zurich.
"But if we have to do it, the negative interest rates, we're certainly prepared to do it again," he added.
(Reporting by John Revill, editing by Ariane Luthi)
The Swiss National Bank's readiness to cut interest rates below zero to control inflation.
To prevent inflation from dropping below its price stability target.
Martin Schlegel is the Chairman of the Swiss National Bank.
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