In a significant monetary policy shift, the Swiss National Bank (SNB) has cut interest rates to zero percent, marking a return to a Zero Interest Rate Policy (ZIRP) in Europe. This move comes as inflation in Switzerland turns negative, prompting concerns about deflation and disinflation risks in the region. With the rate now set at 0%, the SNB has indicated that further cuts into negative territory cannot be ruled out, amid a backdrop of increasing economic uncertainty due to external factors such as war and tariffs. As the Swiss Franc strengthens following the announcement, analysts note that this policy adjustment reflects a broader trend among central banks in Europe facing similar economic pressures.