Swiss Central Bank Keeps Zero-rate As Tariffs Take Their Toll

The Swiss National Bank said the country's economic outlook 'has deteriorated due to significantly higher US tariffs' (Credit: AFP)

Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy.

The Swiss National Bank (SNB) maintained its economic growth forecast at between one and 1.5 percent for this year, but revised it to "just under" one percent for 2026 due to the tariffs and uncertainty.