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Swiss central bank cuts rates by 0.25% in third reduction this year

Swiss Bank interest rate cut

The Swiss National Bank on Thursday 26th September 2024 took another step to loosen monetary policy this year, bringing its key interest rate down by 0.25% to 1.0%

The cut in interest rates occurs against a backdrop of muted domestic inflation and a surge in the Swiss franc’s value.

Notably, it marked the first instance of a major Western central bank lowering interest rates in March 2024.