Switzerland Maintains Rates, Signals FX Intervention

The Swiss National Bank kept the interest rate unchanged at 0%, despite inflation rising to 0.6% in 2026. It indicated its readiness to intervene in the currency market to counter the appreciation of the Swiss franc, which threatens price stability. Growth forecasts for 2026 and 2027 remained steady at 1% and 1.5%, respectively, with inflation expected to rise to 0.7% in 2028.

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