The Swiss National Bank (SNB) has left its key interest rate unchanged at zero percent. This level is unlikely to change significantly in the foreseeable future. +Get the most important news from Switzerland in your inbox According to the SNB, the current key interest rate supports economic growth, meaning it is expansionary. At the same time, it helps to keep inflation within the range of price stability. Price stability, according to the SNB, means inflation of 0 to 2%. The latest figures fall just short of the Swiss National Bank’s (SNB) definition of “price stability.” In November, annual inflation in Switzerland fell back to zero. The SNB acknowledged ahead of its quarterly press conference that inflation had been slightly lower than expected in recent months. However, it maintained that inflationary pressure in the medium term remains virtually unchanged compared to its last assessment. “Our monetary policy is contributing to inflation likely rising slowly in the coming …