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SNB on PSSF: to lower special-rate surcharge to 25 basis points from July 1

BY Reuters | ECONOMIC | 04/15/26 04:35 AM EDT

April 15 (Reuters) - The Swiss National Bank said on Wednesday its Governing Board has reviewed the interest rate of the liquidity-shortage financing facility (LSFF) in sight of the introduction of the Payment System Support Facility (PSSF) at the end of 2027.

The board has decided to lower the special-rate surcharge to 25 basis points starting July 2026 from 50 basis points currently, it said.

The PSSF will replace the intraday facility and the LSFF.

The special rate continues to correspond to the SNB policy rate plus the special-rate surcharge, and is at least 0%, it said. (Writing by Linda Pasquini Editing by Madeline Chambers)

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