SNB poised to drop rate to zero and maintain it


A national flag flutters from the Swiss National Bank (SNB) building in Bern, Switzerland. REUTERS/Denis Balibouse/File Photo

BERN: The Swiss National Bank (SNB) will probably lower its interest rate to zero this week and stay there for some time, according to a Bloomberg survey of economists.

Policymakers will reduce borrowing costs by a quarter point on Thursday, almost 80% of their predictions show. That would return the benchmark to the level it last crossed in September 2022, when seven years of negative rates ended.

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