On 20 June 2024, the Swiss National Bank (SNB) has lowered its key interest rate by 0.25% to 1.25%. Jordan told SRF that the central bank wants to ensure that inflation remains within the target range over the medium term. Without this rate adjustment, there would have been a risk of inflation becoming too low in the future, something the bank wants to avoid. The European Central Bank (ECB) has announced that it will probably end of rate cuts for the time being. Where the Swiss central bank rate will go from here is unknown, and Thomas Jordan was not prepared to offer any forecast on where the rate might go from here.

Source: Le News June 21, 2024 09:44 UTC