Far from a brave new world of high pressure pricing, Swiss inflation has subsided to just 1.1% and it's been back in the 0-2% target range for more than a year. Strikingly, the central bank this week slashed next year's inflation forecast to just 0.6%.

The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The reduction comes amid subdued domestic inflation and a rally in the Swiss franc.

The Swiss National Bank reduced interest rates by 25 basis points on Thursday, echoing steps to lower borrowing costs by the European Central Bank and U.S. Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.

The Swiss National Bank has cut its key rate by 25bp to 1% as expected, given the sharp fall in inflationary pressures

The Swiss National Bank (SNB) reduced its interest rates by 25 basis points, marking its third cut this year. Following similar actions by the European Central Bank and U.S. Federal Reserve, the SNB's decision lowered policy rates to 1.

Switzerland's central bank on Thursday cut its key interest rate by a quarter percentage point for the third time this year, citing the strong Swiss franc and lower inflationary pressure.

The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. View on euronews

Switzerland’s central bank cut its key interest rate for the third straight meeting as it pivots away from worries about high inflation toward concerns about the impact of a strong currency on exporters.