Swiss Central Bank Keeps Rate Unchanged At 0%

India, June 18 -- The Swiss National Bank left its policy rate unchanged on Thursday, despite rising inflation.

The central bank left its policy rate at zero percent, in line with market expectations.

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The SNB had lowered the key rate by 175 basis points since March 2024. The bank exited its negative rate in 2022 after holding it for over seven years.

"If necessary, the SNB has an increased willingness to intervene in the foreign exchange market," the bank said.

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Published by HT Digital Content Services with permission from RTT News....