💨 Abstract

The Swiss National Bank has reduced its target interest rate to zero from 0.25%, citing eased inflationary pressures. May's inflation dipped negative, driven by lower tourism and oil prices. The SNB projects moderate inflation and weakened global economic growth. Despite strong first-quarter Swiss growth due to anticipated U.S. tariffs, uncertainty persists, with global financial markets affected by geopolitical tensions and trade issues. The U.S.

Courtesy: WTOP Staff