Swiss National Bank prepared to cut rates below zero if needed: SNB's Petra Tschudin

The Swiss National Bank has indicated it is prepared to take drastic measures to control inflation. This means the bank is considering lowering interest rates below zero if necessary, which would make borrowing money more expensive. Such a move would be a significant step to curb inflation and keep it within a target range of 0% to 2% in the medium term.

Why it matters

The Swiss National Bank is prepared to cut rates below zero if needed, which could lead to increased investment in Swiss assets. This could also have a positive impact on the European economy.

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