Swiss National Bank cuts rates
By John Revill
ZURICH, March 20 (Reuters) - The Swiss National Bank cut its policy interest rate by 25 basis points on Thursday, leaving borrowing costs just above zero as it weighs the impact of U.S. President Donald Trump's trade policy on inflation and the global economy.
The SNB reduced its policy rate to 0.25% from 0.5%, its fifth successive cut since it started lowering borrowing costs in March 2024, matching economists' expectations in a Reuters poll.
The decision comes on a busy day for central banks, with the Bank of England and Sweden's central bank also due to announce their rates decisions on Thursday.
U.S. Federal Reserve on Wednesday held its interest rates steady, citing a period of "unusually elevated" uncertainty linked to the initial policies of the Trump administration.
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