Swiss National Bank Decides to Keep Interest Rates Unchanged

Swiss Central Bank (SNB) Updates Interest Rate Policy

The Swiss National Bank (SNB) decided to keep its policy rate unchanged, avoiding a return to negative interest rates. This marks a halt to the recent loosening cycle.

Economists' Expectations Confirmed

23 of 24 economists surveyed by Bloomberg predicted that the SNB would keep its policy rate unchanged. The lone dissenter expected a rate cut. The decision follows six consecutive rate cuts since March.

Inflation Forecasts and Economic Uncertainty

The SNB said inflationary pressures were virtually unchanged and that it would continue to monitor the situation and adjust monetary policy as needed to maintain price stability. Forecasts suggest that inflation will average 0.2 percent this year, 0.5 percent in 2026 and 0.7 percent in 2027. Moreover, Switzerland's economic outlook remains uncertain due to US trade policy and global economic developments.