The Swiss National Bank makes lower interest rates a quarter of a point, and indicates “low inflationary pressure”

On Thursday, the Swiss National Bank reduced the main interest rate by 25 other basis points, as the country’s economy is wrestling with depression inflation.

“With today’s average modification, SNB guarantees that the monetary conditions remain appropriate, given the low inflationary pressure and the risks of the increasing downside on inflation,” SNB said in a statement.

The bank will continue to follow the situation closely and make further amendments to monetary policy if necessary “to ensure inflation remains within the scope in line with the stability of prices in the medium term.”

The bank’s main average step moves to 0.25 %. It was widely expected to cut, with merchants who previously heard more than 70 % of a quarter -point reduction.

It follows the reduction of the 50-Basis points announced by the Central Bank in DecemberWhich exceeded at that time expectations. This also represents a fourth interest rate of SNB since Switzerland has become the first major economy to reduce monetary policy in He walks From last year.

A modified decision comes Swiss inflation It decreased to the lowest level for about four years by 0.3 % year on an annual basis in February, according to official figures. The Federal Statistical Office was martyred with the cheapest imports as a major factor that contributes to the low inflation number.

SNB said on Thursday that inflation had evolved as expected since the evaluation of previous monetary policy.

“The new conditional inflation expectations have not changed since December. The central bank added, without reducing today’s prices, that the expectations were less in the medium term, “saying that inflation expectations were within the scope of price stability in the medium term.

SNB is expected to inflation to 0.4 % in 2025.

SNB was expected to reduce inflation to this level, saying, “It is a kind of getting rid of the way SNB believed.”

“I think the reduction is now justified to ensure that inflation is not very decreased,” said CNBC.

Swiss franc It weakened a little after the SNB rate decision, as the euro rose 0.06 % against the franc. The franc is widely seen as a safe haven currency in times of political turmoil and uncertainty in the eurozone, and has been widely strong even with SNB low interest rates.