Swiss National Bank ready to take rates below zero to tackle low inflation

Swiss National Bank (SNB) headquarters are seen in Zurich, Switzerland March 16, 2023. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights , opens new tab
ZURICH, May 6 (Reuters) - The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday.
"No one likes these negative interest rates, obviously the Swiss National Bank doesn't like it," Schlegel told an event in Zurich.
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"But if we have to do it, the negative interest rates, we're certainly prepared to do it again," he added.
Reporting by John Revill, editing by Ariane Luthi
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