The Swiss National Bank held its policy rate at 0% as expected and signaled a
A near-term rate hike is unlikely, prompting a decline in the Swiss franc (CHF).
The SNB said medium-term inflationary pressures have risen only slightly and
that its current policy stance is appropriate to keep inflation within a
price-stability range while supporting growth. It expects Swiss inflation to
rise in Q4 before declining through 2027, but warned uncertainty is high. The
The bank said recent franc weakness is not a concern and is supportive of growth.
