A new reduction in interest rates was made on Thursday by the National Bank of Switzerland, making them to the lowest level since September 2022 to limit inflows to the Swiss franc.

The Central Bank, however, has rejected the possibility of a new reduction at present.

More specifically, officials from the Bank of Switzerland reduced the report rate by 25 percentage points, confirming the expectations of investors and the majority of economists.

“This reduction in interest rates has an extensive impact,” said Swiss Bank President Martin Schlegel, adding “in this sense, the possibility of further relaxation of monetary policy is small.”

The fifth interest rates from the Swiss Bank, in the current relaxation cycle, have reduced its interest rates to the lowest level between central banks that manage 10 coins with the most transactions in the world.

Analysts largely estimate that with today’s reduction, the Central Bank of Switzerland is completing the current cycle of relaxation of its monetary policy.

The Swiss franc divided after the decision, negotiating slightly lower at 0.9572 than the euro.

The Swiss Bank’s move, after a surprise reduction by half a unit in December, reinforces its foreign exchange policy awaiting internationally instability. This is because although the franc has been weakened this year, there remains a possible paradise for investors seeking security, as US President Donald Trump triggers commercial tensions worldwide and the war continues to rage in Ukraine.

“We are also ready to operate in the currency market as necessary,” Schlegel said, insisting on the standard language of the central bank, noting that “the uncertainty about global economic developments and inflation developments has increased significantly.”