The Swiss National Bank (the Swiss central bank) kept its main interest rate at zero on Thursday, confirming that inflation expectations have weakened. According to bank officials, the decision was made in light of the current economic situation. They noted that the Swiss economy is showing resilience, but risks remain due to global economic uncertainty. The bank also confirmed that it is ready to take further action if necessary to maintain price stability. "We are monitoring the situation closely and are ready to act," the bank's governor stated. Overall, the central bank is pursuing a loose monetary policy to stimulate economic growth.
