The Swiss Central Bank has reduced interest rates to zero

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The Swiss National Bank has reduced interest rates to zero with a quarterpoint, but did not go to negative degrees as fights to restore the global trade currency.

For the first time, the global Alpine country, inflation and Svavan Franc, investors are a interest rate for receiving an investment currency within the US President Donald Trump’s trade war.

Incision comes in Switzerland after annual inflation 0.1 percent in Maythe first negative reading in four years. The accused Swiss franc – 10 percent of the $ 10 percent compared to the dollar – reduced the price of imports dragging consumption prices.

SWISS FRANC has intensified after the expected cut on Thursday, the dollar was 0.2 percent in the afternoon SFF0.817 afternoon Frank.

The minority of the traders, in the level of levels provided for in the markets, betting in a larger and semi-dotted cut. After the decision on Thursday, Frank’s rally was “empty” by these bets, analysts in BBH, he said.

SNB seat Martin Schlegel said the bank’s “fail to decide to go negatively”. The Central Bank said they should also take into account the interests of the apostles, pension funds and others.

After the words of the welds, the welded bets were slightly reduced, and the SNB has laid about 60 percent to reduce 0.25 percent to 0.25 percent until March next year.

Switzerland’s two-year government bonds, two-year government bonds, which are sensitive to accelerated movements, increased by 0.10 percent 0.10 percent by 0.10 percent.

SNB also celebrated the risks of financial stability from the assessments of the abuse for Switzerland in the low interest rate environment.

Schlegel did not rule out an action with global trade confusing, and the bank with global trade conflicts forces this road in the coming months.

“This is a little overlooked by negative proportions, which sounds like a slight dents in Francesco Pesole, which is an ing strategist, will play with a little dent.

The so-called Swissie’s sharp rise this year has made a police officer difficult. SNB is trying to facilitate pressures without triggering the charges of foreign exchange manipulation Switzerland In the first time of Trump’s first period in a guard list. Analysts say that the rate reduction is a more reliable way a more reliable than FX intervention.

SNB’s decision is forced by federal caution Wait for the eye and see. Bank of England Prices 4.25 percent in the last meeting.

At the same time, the Central Bank of Norway has repealed the first time since the launch of the COVID-19 pandemology and canceled monetary policy on Thursday and Monetary policy. The capacity of the economy in the largest oil and gas producer in Western Europe has led to high levels of prices, including all neighbors, Riksbank and European Central Bank of Sweden. However, the Norge Bank decided that the inflation worldview was enough to reduce the ratios to 4.25 percent.

Switzerland first introduced negative interest rates in December 2014 SNB Set the deposit rate as 0.25 percent to force the safety of safety in 0.25 percent.

SNB in ​​a scene has pushed a speed of 0.75 percent at the lowest level in the world, 0.75 percent. Politics remained in place for more than seven years, and one of the longest negative periods in the world until it appeared in 2022.

Thursday cutting creates a potential for Swiss banks. They are already interested in reserves with SNB, but are less well-based to pass the value of the value of customers.

In UBS, the largest bank in the country, Senior Economist Daniel Kalt, zero percent, probably the hardest scenario for banks, he said.

“In terms of pressure on the net interest margins, we cannot be worse than the situation we are today. It is difficult to justify charging customers as they have done in the previous period,” he said.