The World's Lowest Interest Rate Might Be Going Even Lower

Some expect Swiss National Bank interest rates to move even further into negative territory.

By Catherine Bosley | June 04, 2019 at 10:23 PM

Investor expectations are building that the Swiss National Bank (SNB) will take its key interest rate even further below zero as it faces a renewed franc appreciation.

Amid escalating trade tensions and market jitters, the Swiss currency has gained about 2 percent against the euro in the past month. Futures for March 2020 are now putting an almost 50 percent probability of a 25 basis-point-cut in the SNB's deposit rate. It's currently at minus 0.75 percent, the lowest rate among the world's major nations.

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