Switzerland Keeps Rates Steady Amid FX Intervention Hints

The Swiss National Bank has kept interest rates at 0%, despite inflation rising to an expected 0.6% in 2026, and is prepared to intervene in the foreign exchange market to prevent the Swiss franc from strengthening too much. Although it has not changed the interest rate, the bank indicated that the rising value of the currency threatens price stability, and it still expects growth of 1% in 2026 and 1.5% in 2027.

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