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The Swiss National Bank held its policy rate at 0% in September 2025, citing stable markets and manageable risks, while shifting to a new update system.
The Swiss National Bank kept its policy rate at 0% in September 2025, citing stable financial markets, a cooling U.S. labor market, and manageable financial stability risks.
Despite rising U.S. tariffs affecting Swiss exports and uncertainty over global trade, inflation is not expected to turn persistently negative.
The SNB maintained its current stance, noting favorable risk sentiment and sustained interest rate differentials.
Future policy summaries will no longer be announced via press release, with updates now available through the SNB News Alert service.
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El Banco Nacional Suizo mantuvo su tasa de política monetaria en 0% en septiembre de 2025, citando mercados estables y riesgos manejables, mientras pasaba a un nuevo sistema de actualización.