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Swiss National Bank sticks with zero interest rate

Swiss National Bank holds interest rate at 0% for a second meeting, weighing low inflation and the impact of reduced U.S. tariffs on Swiss goods.

December 11, 2025

John Revill/Reuters

Swiss National Bank sticks with zero interest rate

Swiss National Bank Holds Interest Rate at 0% Amid Low Inflation and U.S. Trade Deal Impact.

Reuters

The Swiss National Bank left its policy interest rate unchanged on Thursday as the central bank considered the impact of the recent agreement to reduce U.S. tariffs on Swiss goods, as well as persistently low inflation.


The SNB kept its interest rate at 0%, the lowest among major central banks, for the second consecutive policy meeting, a decision expected by markets and analysts polled by Reuters.

-John Revill/Reuters

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