Market News
Swiss National Bank seen cutting rates 25 bps, risk of negative rates low - REUTERS
BENGALURU, March 17 - The Swiss National Bank will cut its main policy rate by a quarter percentage point on March 20 to 0.25% and hold it there until at least 2026, according to most economists polled by Reuters, who also said the risk of the rate turning negative again was low.
Since the SNB's surprise 50 basis point rate cut in December, inflation has declined further toward the lower bound of the central bank's target range of 0-2%, hitting a near four-year low of 0.3% in February and leaving the door open for another cut.
