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.
