Swiss National Bank sticks with zero interest rate

The Swiss National Bank maintained its benchmark interest rate at 0% for a year, as expected, despite rising inflation driven by higher fuel costs.

‌The Swiss ​National Bank left its benchmark ‌interest rate unchanged on Thursday despite a recent uptick ‌in inflation driven by ‌higher fuel costs stemming from the Iran war.

The decision, ⁠which ​extended ⁠to a year the ⁠period the SNB has kept ​borrowing costs at 0%, ⁠the lowest level among ⁠the world's ​main central banks, was expected by ⁠markets and all the analysts polled ⁠by ⁠Reuters.