Markets

Swiss National Bank keeps expansive policy in place

  • The SNB kept its policy rate locked at minus 0.75%, as unanimously forecast by economists in a Reuters poll.
Published March 25, 2021

ZURICH: The Swiss National Bank kept its ultra-expansive monetary policy on hold on Thursday, keeping in place the world's lowest interest rates and readiness to launch currency interventions despite a recent weakening in the safe-haven Swiss franc.

The SNB kept its policy rate locked at minus 0.75%, as unanimously forecast by economists in a Reuters poll.

The central bank also kept the interest rate it charges commercial banks on some deposits they park overnight with it at minus 0.75%, as expected.

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