Swiss central bank keeps rates at zero
SNB says developments in global economy still pose ‘main risk’ to domestic economic outlook
Switzerland’s central bank today (December 11) left its policy rate unchanged at 0.0%.
In a statement announcing the decision, the Swiss National Bank (SNB) said inflation had been lower than expected in recent months, having fallen from 0.2% in August to 0.0% in November. The bank said lower inflation in the hotel sector, and in rents and clothing, had contributed to the decline.
The SNB nevertheless added that inflationary pressures over the medium term were unchanged since its previous monetary
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