SNB leaves policy rate unchanged at 0% in September meeting, as widely expected
From the original
Key policy rate 0%, as expected Prior decision Ready to intervene in the FX market as needed SNB sees 2026 inflation at 0.7% (previously 0.6%) SNB sees 2027 inflation at 0.8% (previously 0.6%) SNB sees 2028 inflation at 0.8% (previously 0.7%) SNB sees 2026 growth at 1.5% to 2% (p
Related speeches
4 itemsSNB leaves key policy rate unchanged at 0% in June meeting, as widely expected
Benign inflation keeps Swiss National Bank on hold
Despite prevailing benign inflationary trends, the Swiss National Bank (SNB) has opted to maintain its policy rate at 0%, reflecting a cautious yet stable monetary stance. As highlighted in the analysis, inflation in Switzerland remains comfortably within the SNB's target range of 0–2%, with recent data showing only a 0.6% year-on-year increase in May. The desk interprets this as an indication that the SNB has no immediate justification for altering its policy stance, a sentiment echoed by the source commentary [source]. This aligns with broader consensus views that foresee minimal shifts in policy in the coming quarters, with no significant market events expected to disrupt the current equilibrium.
More like this
5 itemsFed's Daly: Jobs report is good news
BOJ's Ueda: Consumer prices now around 3% and expected to rise further into early next year
BoE's Pill: No repeat of 2022 hiking cycle as growth risks could keep rates on hold
Fed's Williams says US economy remains resilient, appropriate time to gather more information