The Swiss National Bank makes a decrease in interest rates in the quarter, states “low inflation pressure”

The Swiss National Bank on Thursday reduced its key interest rate for further 25 base points, as the Economy of the Earth is struggling with depressed inflation.

This move requires the Bank’s main rate at 0.25%. The cut was widely expected, with merchants previously appreciated by more than 70% chance of reducing a quarter of points.

Following a 50 basics incision announced by a central bank in Decemberwhich exceeded the expectations at the time. This also marked the fourth decrease in interest rates from SNB since Switzerland became the first main economy to facilitate the monetary policy in March last year.

A rate of rate comes as Switzerland inflation He fell on almost four -year low of 0.3% on an annual basis in February, according to official data. The Federal Office for Statistics has cited cheaper imports as a key factor that contributes to a low inflation figure.

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